MINISTRY OF FINANCE Press Release MEETING REVIEWS MATTERS REGARDING PROVISION OF VEHICLES TO FC, KPK Islamabad: January 7, 2015 A meeting chaired by Finance Minister, Ishaq Dar here on Wednesday proposed mechanism to resolve the longstanding issue for supply of 113 special purpose vehicles by the Dewan Group to Frontier Constabulary, KP. The issue had been lingering on since 2008, resulting in swelling of exchange rate, Customs duty & Sales Tax as well as penal surcharge. Further, there was also litigation by both the parties against each other which made the matter more complicated. The Ministry of Interior had requested the Finance Minister for a settlement of the issue. The Minister in today’s meeting directed the Dewan group to clear outstanding payments regarding re-valuation on account of appreciation in exchange rate. He also said in case of a shortfall in funds faced by FC in clearing enhanced sales tax and customs duties, necessary funds would be provided to FC to meet the shortfall. He also impressed upon both the parties to withdraw legal cases against each other. The Finance Minister adde that penal surcharge would be remitted. The Minister directed both Dewan Group and FC, KPK as well as the FBR officials present on the occasion to sign an agreement to confirm implementation of the decisions taken in the meeting. He commented that the Government wanted to strengthen the FC to enable it tackle the scourge of militancy along with other security agencies and the provision of vehicles was a step in this direction. Representatives of both the FC as well as Dewan group thanked the Minister for facilitating a decision for resolving the more than 6 years old dispute.
Posted on: Wed, 07 Jan 2015 17:32:00 +0000
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