FBR exposes Rs11 billion tax fraud involving bogus firms and duty-free coal sales D_Trends
ISLAMABAD: The Federal Board of Revenue (FBR) has uncovered a substantial tax fraud amounting to Rs11 billion, linked to fictitious companies exploiting tax loopholes. The fraud involves two bogus firms, Junaid Impex and Trade Zone, which are accused of fraudulently selling duty-free coal to cement plants. These companies have also opened accounts with local banks. … Read more