ISLAMABAD – FIA and FBR to launch inquiry against illegal gold trade worthbillions in Pakistan.
President Arif Alvi has confirmed the recommendation of Federal TaxOmbudsman (FTO) that the Federal Board of Revenue (FBR) and FederalInvestigation Agency (FIA) will initiate inquiry against all the officers,departments and importers/exporters involved in misuse ofimports-cum-exports’ facility regarding gold, jewelry and other preciousmetals resulting in massive loss of revenue to the national exchequer.
Arif Alvi has also endorsed the recommendation of Federal Tax Ombudsman(FTO) that the FBR will direct the chief collectors (North), (Central), and(enforcement) South to initiate departmental enquiry to ascertain theofficers/officials and take disciplinary action against those foundinvolved in illegal/inadmissible imports/exports.
In its order, the President of Pakistan ruled that it has been observedthat by taking up the matter in suo motu jurisdiction, the FTO did notcommit any wrong; rather the step is laudable, suggestive of reforms andimprovements of the system and workability.
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It is meant to curb the menace of tax evasion and wrongdoings. Thetax/revenue collection functionaries of the state should take the necessarysteps to implement such recommendations wholeheartedly to improve itsfunctioning and revenue collection.”
Federal Tax Ombudsman Mushtaq Ahmad Sukhera, on own motion (OM), hadexercised his jurisdiction for investigation of alleged systemicmal-administration.
