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FIA sealed four currency markets in one of the biggest operation to curb dollar outflow
12 Dec, 2022
The Federal Investigation Agency (FIA) has sealed four currency markets in Khyber Pakhtunkhwa’s biggest currency market in an attempt to curb dollar outflows. Federal agents recovered thousands of dollars and local PKR after storming currency shops allegedly involved in informal currency ...
Former SAPM Zulfi Bukhari returns back to Pakistan, offered himself for accountability into Rawalpindi Ring Road scam
2 Jun, 2021
Former special assistant to prime minister (SAPM) Zulfi Bukhari link said on Wednesday that he offered himself for inquiry into Rawalpindi Ring Road scam. Talking to 24News TV channel at Islamabad Airport soon after returning from the UAE, Zulfi Bukhari link said he would appear before any ...
Pakistani PM Imran Khan makes an appeal to the haven countries holding the foreign assets stolen from developing countries
26 Feb, 2021
ISLAMABAD – Prime Minister Imran Khan has asked the "haven" countries to immediately and unconditionally return all foreign assets that are shown to be stolen or whose "legitimacy" cannot be explained. Addressing the virtual launch event of the Final Report of the High-Level Panel on ...
FBR makes a big reward for the whistleblowers of tax evasion
23 Jan, 2021
The informer or whistleblower registered with the Federal Board of Revenue (FBR) would be entitled to a reward at the rate of 20 percent up to a maximum of Rs. 5 million of the evaded amount of tax involved in a single case. The FBR Friday issued the new Inland Revenue Reward Rules 2021 for ...
Singer Atif Aslam lands in trouble over massive tax evasion
13 Jan, 2021
KARACHI – The Federal Board of Revenue (FBR) has tightened the noose around singer Atif Aslam, according to reports in local media. Following an audit, the Dunya TV reported citing its sources, the FBR imposed a tax of Rs 58 million on the 37-year-old singer. Aslam has been given one month to ...
Another good news for the Pakistani economy
10 Jan, 2021
ISLAMABAD - Prime Minister Imran Khan was told Sunday that tax receipts had surpassed Rs 2205 billion during first six months of current fiscal, manifesting the fruition of government’s taxation reforms. Chairing a meeting to review the tax reforms, the prime minister was briefed that owing to ...
FBR intelligence intensified the countywide crackdown
24 Dec, 2020
The Directorate General Intelligence and Investigation (Inland Revenue) has intensified the countrywide action against tax evaders and fraudsters (individuals, AOPs, and corporate entities) involved in evasion of Sales Tax, Income Tax and Federal Excise Duty. In this regard, Directorates of ...
Pakistan achieves important milestone in transparency and exchange of information
10 Dec, 2020
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Sheikh said Wednesday that Pakistan has achieved important milestones in transparency and exchange of information. Addressing the Plenary Meeting of the Global Forum on “Transparency and Exchange of Information for ...
Pakistan government seeks cross border assistance for tax recovery
10 Dec, 2020
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Wednesday that Pakistan was among the few developing countries to adopt common reporting standards (CRS), as it had already started exchanging data with partner jurisdictions. He stated this while ...
British government imposes huge punishment over MQM founder Altaf Hussain
3 Sep, 2020
LONDON: - British government imposes huge punishment over MQM founder Altaf Hussain. The British government has fined Muttahida Qaumi Movement (MQM) leader Altaf Hussain for £2 million over income tax evasion and an investigation is already underway to determine the full extent of the MQM ...
