Legal status of cryptocurrency: LHC forms body comprising SBP, FBR, FIA officials
LAHORE: The Lahore High Court (LHC) ona Friday formed a committee comprising officials of the State Bank of Pakistan (SBP), Federal Board of Revenue (FBR) and Federal Investigation Agency (FIA) and sought their recommendations and opinion on the legal status of cryptocurrency in Pakistan.
As the hearing started, representatives of SBP, FBR, FIA and other agencies appeared before the court. The court directed FBR to state how the cryptocurrency is being dealt with internationally and how the tax on the corrupt currency will be collected. Issue of the legal status of cryptocurrency came to the fore on a petition moved by Dr Muhammad Zafar as FIA lodged an FIR against him on the allegations of defrauding the public at large in the name of investment in cryptocurrency to the tune of over Rs260 million.
-
Kelsea Ballerini, Chase Stokes Not On Same Page About Third Split: Deets -
Shanghai Fusion ‘Artificial Sun’ Achieves Groundbreaking Results With Plasma Control Record -
Princess Anne Enjoys Andrea Bocelli, Lang Lang Performances At Winter Olympics Opening Ceremony -
Ben Stiller Cherishes Working With Late David Bowie -
Anti-inflammatory Teas To Keep Your Gut Balanced -
Polar Vortex ‘exceptional’ Disruption: Rare Shift Signals Extreme February Winter -
Which Countries Are Worst And Best In Public Sector AI Race? -
Matthew McConaughey Opens Up About His Painful Battle With THIS -
Emma Stone Reveals She Is ‘too Afraid’ Of Her ‘own Mental Health’ -
China Unveils ‘Star Wars’-like Missile Warship For Space Combat -
King Charles Facing Pressure Inside Palace Over 'Andrew Problem' -
Trump Refuses Apology For Video Depicting Obama As Apes Amid Growing Backlash -
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair