Tag: tax evasion
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Largest money laundering scandal: FBR exposes Rs47 billion trade-based fraud
The Federal Board of Revenue (FBR) in Pakistan has uncovered a massive case of money laundering and under-invoicing in the trade industry, making it one of the country’s biggest financial scandals.
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Karachi airport operation: Four passengers nabbed in million-rupee Apple product smuggling
In a highly successful operation, customs authorities thwarted an attempt to smuggle high-value tech gadgets worth millions of rupees at Jinnah International Airport in Karachi
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FBR freezes PIA’s bank accounts for not paying Rs2.8 billion in taxes
Pakistan International Airlines (PIA), the national flag carrier, has found itself embroiled in a tax dispute as the Federal Board of Revenue (FBR) took the drastic step of freezing the airline’s bank accounts. This move comes at a critical time when the government has shifted the burden of revenue generation onto the general public, leading…
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FBR serves Rs13 million notice to popular Pakistani Youtube prankster
The Federal Board of Revenue (FBR) has sent a Rs13 million tax notice to Pakistani YouTuber Nadir Ali, who runs a channel called “P4 Pakao”, a private media outlet has reported. Nadir’s videos show him and his team pulling pranks on unsuspecting people and attract a lot of internet traffic. The combined views of his…
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FBR serves ARY tax evasion notice, demands Rs992 million
The Federal Board of Revenue (FBR) has served a notice to ARY News, demanding Rs992 million which the channel owes to the tax body, The News has reported. The entity has evaded millions of rupees in taxes through misrepresentation, concealment and misuse of exemptions, causing a substantial loss to the national exchequer, reports quoted FBR…