LAHORE - The Lahore High Court yesterday sought replies from federal government and federal Board of Revenue (FBR) in a petition filed against duty-free Indian Jewellary Show held in collaboration with SAARC Chamber of Commerce and Industries. The court adjourned further hearing until January 22, 2016.

Advocate Azhar Siddique appeared before the court and pointed out that FBR allowed Indian jewelers to exhibit their products in an exhibition being held in Lahore.

He stated the exhibition would cause a great financial loss to national exchequer and economy. He alleged that the government was organizing the show only to please Indian traders whereas Pakistani businessmen were not allowed to visit the neighbouring country.

He argued that the impugned act of the government was against the nationalism. He requested the court to set aside the tax rebate given to Indian traders despite the fact that they were anti-Pakistan.

Meanwhile, the Lahore High Court yesterday asked petitioner to come up with the copy of recent speech delivered by President Mamoon Hussain in which he allegedly asked Islamic scholars to find some acceptability of interest based banking system for poor people.

A lawyer Sheikh Mubashar Awan filed the petition and pointed out that Hussain was not eligible to hold office of the president after giving such statement to legitimize the interest which is totally prohibited in Islam.

He prayed the court seeking disqualification of the president for trying to legitimise the interest based on banking.

After hearing arguments, Justice Shahid Waheed of the LHC adjourned hearing till Dec 14.