AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Chairman National Tariff Commission (NTC) Qasim M Niaz has been removed from his office in the light of Peshawar High Court's (PHC) judgement wherein he has been declared ineligible for this slot, well informed sources told Business Recorder.
Qasim Niaz, who is former secretary commerce, had been appointed chairman NICL after due process by the Commerce Ministry. However, his eligibility had been first challenged in Lahore High Court (LHC) which declared his qualification fit for the post but the PHC declared the appointment as void and against the law.
The sources said Ministry of Commerce and Textile (Commerce Division) has given the charge of acting chairman NTC to senior member Abdul Khaliq, although he lacks convincing power as was witnessed during different meetings. Earlier, unconfirmed reports suggested that Commerce Ministry intended to give charge of acting chairman to Rubina Athar.
There is abuzz in NTC and Commerce Ministry as well that one of the members of NTC was behind the move to remove Qasim Niaz as there are serious differences among the incumbent team members of NTC. "Qasim Niaz is no more NTC chairman as he is not the member now. The charge of acting chairman has been given to senior member Abdul Khaliq," said a senior official of Commerce Ministry.
However, according to the official, Niaz has already filed an appeal against the decision of a two-member bench of PHC, comprising Justice Waqar Ahmad Seth and Justice Muhammad Younas Thaheem, that allowed the writ petition filed against the appointment of Niaz as chairman NTC by Musa Raza, the sole proprietor of Shaheen Steel Service.
According to media reports, the court in a short order had stated that the writ petition was allowed only to the extent of declaring appointment of chairman NTC illegal and void. During the course of arguments, the petitioner's lawyer Babar Khan Yousafzai submitted that the NTC chairman didn't meet the qualification requirement provided under Section 5(2) (a) of the National Traffic Commission Act.
He said the respondent only possessed a master degree in defence and strategic studies instead of having master degree international trade laws, business and commercial laws, economics, accountancy, tariffs and trade, commerce and trade, or trade-related subject.
The petitioner' counsel pointed out before the bench that the provisions of Section 5(2) (a) of the NTC Act were mandatory. He said the qualification required that a person appointed to the NTC must have at least master degree in the fields stated therein.
However, the petitioner's lawyer argued that the NTC chairman did three year program of BSc economics, which under the HEC rules isn't equivalent to master degree as BSc four year economic program is equivalent to master degree.

Comments

Comments are closed.