The Federal Board of Revenue (FBR) has stepped up its enforcement drive against tax evasion in the private healthcare sector by deploying Inland Revenue Service (IRS) officers directly at the premises of commercial hospitals and clinics across the country. Read More: FBR notifies tax exemption for 61 items used in Covid-19 vaccine Senior tax officials said the move […]
tax evasion
Shehbaz Sharif vows zero tolerance for smugglers
Prime Minister Shehbaz Sharif on Saturday directed authorities to intensify action against smuggling and tax evasion to protect Pakistan’s economy. He chaired a weekly review meeting on the Federal Board of Revenue’s (FBR) performance, praising recent customs operations. The PM emphasized that no leniency would be shown to smugglers or tax evaders. During the meeting, […]
Pakistan’s weak tax system costs Rs3.4tr: IMF
The International Monetary Fund (IMF) has warned that Pakistan is losing Rs3.4 trillion annually due to tax evasion, corruption, and hidden incomes. The loss equals about 3.9% of the country’s GDP. The Fund called for urgent reforms to expand the tax base and improve accountability. The IMF highlighted severe weaknesses in Pakistan’s tax system, including […]
FBR to monitor cigarette production digitally to curb tax evasion
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new initiative to digitally monitor the entire tobacco-to-cigarette value chain in an effort to curb widespread tax evasion in the sector. The tax authority has directed all cigarette factories and green leaf threshing stations to install IP-based CCTV cameras at designated points to track production […]
FBR tracks lavish lifestyles of influencers and business owners
ISLAMABAD – The Federal Board of Revenue’s (FBR) Lifestyle Monitoring Cell has identified several taxpayers leading extravagant lifestyles while declaring negligible incomes in their tax returns, The News reported on Monday. The cell has submitted dossiers of these suspected tax evaders to FBR headquarters and respective Regional Tax Offices (RTOs) for formal action. According to […]
10-year jail for tax fraud? PM to decide after key meeting
Prime Minister of Pakistan has taken serious notice of a proposal targeting traders involved in tax fraud. The proposal, included in the new Finance Bill, suggests strict penalties for those caught committing tax evasion. According to FBR sources, the plan includes the power to arrest and jail traders found guilty of fraud. This move has […]
PM Shehbaz orders crackdown on tax evaders, vows strict action
Prime Minister Shehbaz Sharif on Tuesday ordered a sweeping crackdown on tax evasion and under-invoicing, instructing authorities to recover pending dues and hold facilitators accountable. The directive came during a high-level meeting focused on boosting revenue and curbing leakages in the tax system. According to the Prime Minister’s Office, Shehbaz Sharif emphasized that not only […]
Barrister Saif accuses Sharif family of tax evasion and financial misconduct
The Khyber-Pakhtunkhwa government has condemned alleged tax evasion by the Sharif family, calling them a disgrace to Pakistan. Barrister Saif accused them of financial misconduct, highlighting that Hasan Nawaz was declared a tax defaulter in London. He claimed the family is being exposed internationally for corrupt practices. Saif argued that while overseas Pakistanis work hard […]
Singer Shakira faces call in Spain for eight-year prison term
Spanish prosecutors said Friday they would seek a prison sentence of more than eight years against global music superstar Shakira, after she rejected a plea deal on accusations of tax evasion. Prosecutors in Barcelona will also demand a fine of nearly 24 million euros ($24.5 million) from the 45-year-old “Hips don’t Lie” songstress, whom they […]