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Tag Archives: Tax Evasion

FBR reveals names of politically-linked millers in tax evasion

Aftab Maken ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial presented a list of sugar mills allegedly involved in billions of rupees worth of tax fraud to the National Assembly’s Standing Committee on Finance. According to reliable sources, the owners of these sugar mills include prominent political and …

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Billions in lost taxes: Can a conflicted Senate panel truly probe Big Tobacco?

Aftab Maken Islamabad A recently formed Senate sub-committee, tasked with investigating alleged tax evasion worth billions of rupees within Pakistan’s cigarette industry, is now at the center of a significant controversy. Serious objections have been raised regarding the inclusion of senators with direct and past ties to the tobacco sector, …

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Higher penalties for tax evasion proposed in Budget 25-26

Due to high tax rates, many businesses are reportedly shifting from Pakistan to Dubai — a concern that the Federal Board of Revenue (FBR) has confirmed. This was revealed during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla. Members of the committee pointed out …

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