PCB statement in response to media reports about freezing of PCB bank account by FBR

Lahore September 26, 2012: Pakistan Cricket Board today made the following statement in response to media reports about freezing of PCB bank account by FBR and recovery of withholding tax from the account. 

  • FBR did not serve any notice to PCB before recovering money from PCB bank account and an opportunity of being heard was required before doing such act. 
  • In presence of the issued Stay Order from Honorable Appellate Tribunal Inland Revenues in favour of PCB recovery of this amount from PCB bank Account is an illegal act.