Supreme Court Recommends Investing in Stock Market Over Banks

Justice Amin-ud-Din Khan, head of the Supreme Court’s constitutional bench, has suggested that citizens should invest in the stock market instead of keeping their money in banks. His remarks came during the hearing of a super tax case before a five-member bench. Advocate Mirza Mahmood Ahmed, representing a stock market company, argued that his client already pays general taxes and that investments made through bank loans often lead to losses after taxation. He added that the Federal Board of Revenue collects taxes via the National Clearing Company, meaning they should not fall under the super tax category. The hearing will continue in the next session.

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