FBR launches crackdown on tax evaders
ISLAMABAD: The Federal Board of Revenue (FBR) launched a nationwide crackdown on tax evasion and fraud, resulting in the arrest of five individuals. Speaking to ARY News, FBR Spokesman Bakhtiar Muhammad said that the Chief Financial Officer of a prominent battery manufacturer has been taken into custody for his alleged involvement in over Rs. 1 billion sales tax fraud. The Chief Financial Officer of a major textile unit in Faisalabad was also arrested for his alleged involvement in millions of rupees worth of sales tax evasion, the FBR spokesman added. Bakhtiar Muhammad said that the third suspect was arrested for allegedly evading billions of rupees of tax fraud. He said that suspects were arrested after bails were rejected by the court. Read More: Pakistan minister reveals details of yearly tax evasion Earlier, Finance Minister Muhammad Aurangzeb Thursday revealed details of yearly tax theft in Pakistan. The minister revealed that tax evasion in Pakistan stands at nearly Rs7,