| GEO Business|
| KPT presses FBR to ease frozen accounts|
| Updated at: 0945 PST, Wednesday, June 16, 2010|
KARACHI: Karachi Port Trust (KPT) has called upon Federal Board of Revenue (FBR) for reopening of frozen bank accounts worth Rs 8.20 billion, which FBR froze in connection with non-payment of taxes, Geo news reported.
According to sources, the federal minister for Port and Shipping Babar Khan Ghauri has pressed government for easing KPT’s frozen bank accounts, fearing that non-opening of accounts will delay several development projects.
FBR sources told media KPT possesses several other saving accounts and receiving a huge amount of interest on them.
Meanwhile, Senate Standing Committee for Port and Shipping has been scheduled to meet in Islamabad on Wednesday for settlement of such issues between KPT and FBR.