Pakistan Supreme Court Pauses Super Tax Case as Bench Head Urges Stock Investment

Overview

• The constitutional bench adjourned hearings on corporate petitions against the 2022–23 super tax until Thursday.
• Justice Aminuddin Khan encouraged citizens to move savings from banks into equities, saying such investment would benefit the economy.
• Petitioners include companies contesting an additional levy imposed on high earners and sectors such as cement, steel, sugar, and textiles.
• During arguments, counsel for a stock market company said taxes are collected via the National Clearing Company and sought a separate category for such firms.
• The bench noted Indian court judgments endorsing uniform taxation as a potential reference point in evaluating Pakistan’s tax framework.