Pakistan recovers Rs34.5 billion in windfall tax

The Pakistani government has recovered 34.5 billion rupees in just one month from a windfall tax on banks. This recovery follows the lifting of stay orders by high courts related to these tax cases. The federal government announced the update on Friday. Of the total recovery, 11.5 billion rupees came after a decision by the Lahore High Court, while 23 billion were recovered following a verdict from the Sindh High Court. Prime Minister Shehbaz Sharif highlighted the importance of this recovery for the country's economy. The Prime Minister attributed this achievement to the combined efforts of key government officials, including the Ministers for Law and Finance, as well as the Attorney General. He praised their hard work in navigating the legal challenges associated with the windfall tax. The recovered funds will be added to the national treasury and are expected to support public projects in health, education, and welfare. The Prime Minister expressed optimism that these actions would lead to a stronger economy for Pakistan.