The Federal Board of Revenue (FBR) has confirmed an over-invoicing of Rs. 70 billion disguised as the import of solar panels. During a briefing to the Senate Standing Committee on Finance, FBR officials revealed proven money laundering in this case. They disclosed that 63 importers were ...

The International Cricket Council (ICC) has revealed that the Pakistan cricket team is set to receive a total of $260,000, despite their premature departure from the 2023 Cricket World Cup. The tournament, hosted in India, saw Pakistan engage in nine matches, clinching victories in four ...

Pakistan Customs uncovered a significant 'money laundering' operation amounting to Rs3.5 billion in Sindh's Hyderabad district, as reported by ARY News on a Monday. The revelations from official documents indicate that the HSJI company in Hyderabad managed to evade taxes amounting to Rs70 million. ...

In the "Global Tax Commission Report" issued in relation to tax evasion, it is stated that Pakistanis have $19 billion and 20 crore dollars in offshore accounts, with more than half of that investment in real estate in Dubai. The report also mentions that after the Panama Papers leak, many ...

Senior economist Dr. Ikramul Haq recently made a significant statement regarding the British Virgin Islands and the impending introduction of a new law concerning offshore companies. He emphasized that this new legislation is poised to have a bombshell impact than the Panama Papers scandal. Dr. ...

The Federal Board of Revenue (FBR) made a significant decision on Monday to expand its ongoing investigation, responding to the alleged over-invoicing of Rs 3 billion detected in the importation of solar panels.It has come to light that an additional six companies are suspected of ...

The Federal Board of Revenue (FBR) has taken another major action against money laundering and over-invoicing in solar panel revenues, uncovering a money laundering scheme worth 13 billion rupees. In a significant move by the FBR, it has also identified 6 more fictitious companies during ...

In the face of a shortage of liquidity in the money market system, the State Bank has provided a significant amount through open market operations. According to details, State Bank has provided commercial banks with a sum of 1,113.25 billion rupees for 77 days. Banks will pay an annual ...

Category A cricketers, such as Captain Babar Azam, Mohammad Rizwan, and Shaheen Shah Afridi, are poised to receive an impressive monthly sum of around Rs6 million. Meanwhile, Category B players like Fakhrzaman, Haris Rauf, Imam-ul-Haq, Muhammad Nawaz, Naseem Shah, and Shadab Khan will also enjoy ...

"The excitement is building as India plays host to the ICC Cricket World Cup 2023, and economic experts are predicting a financial windfall for the country. According to reports from the Bank of Baroda and other financial institutions, hosting this mega cricket event is expected to inject ...