FBR defreezes PEDO accounts after payment of Rs 400m

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Staff reporter

Peshawar—Chief Minister Khyber Pakhtunkhwa Pervez Khattak presided over a meeting regarding income tax and sales tax issues of Pakhtunkhwa Energy Development Organization (PEDO) decided to mutually settle down the tax liability claims for the time-being.
The Chief Commissioner Income Tax announced to defreeze all accounts of the PEDO. The meeting chaired by the Chief Minister Khyber Pakhtunkhwa here at Chief Minister’s House Peshawar Wednesday was also attended by Provincial Ministers Muhammad Atif Khan, Mian Jamshedudin, Chief Commissioner Income Tax, Additional Chief Secretary Azam Khan, Secretaries Finance, Energy & Power and others officials of the relevant departments.
The meeting thoroughly discussed the tax claims by the income tax and the claims of the provincial government about the legal status of the claim. However, the Chief Minister directed the Finance department to release Rs. 400 million to income tax department and the income tax Commissioner immediately announced to defreeze all the accounts of the PEDO.
Pervez Khattak said that Khyber Pakhtunkhwa had rich traditions and these traditions gave solution to all complicated problems. The beauty of Jirga was to give you a way out to all the problems. The meeting he said turned out to be a Jirga where both the parties tried to convince each other and find out a solution to the tax claim and the provincial government position against it that culminated on a mutually agreed formula, under which, the provincial government would release Rs. 400 million and the income tax department defreezed all the accounts of the PEDO.