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TikTok sensation Dolly faces tax default crisis

06:04 PM | 18 Oct, 2023
TikTok sensation Dolly faces tax default crisis
Source: Instagram

Karachi: the well-known TikTok sensation, Dolly, whose real name is Nosheen Syed, has recently been revealed to be a substantial tax defaulter, owing an outstanding tax debt of a staggering 1 crore 60 lakhs.

The Punjab Revenue Authority (PRA) has swiftly taken action to address this situation by freezing her bank account due to her failure to settle this substantial tax liability.

Despite her immense popularity on TikTok, Dolly now finds herself embroiled in a legal dispute with the authorities concerning her significant tax arrears.

The PRA, acting on behalf of the government, has not only seized her account but also successfully collected an initial payment of Rs 44 lakh, marking the first step in recovering the overdue tax amount.

It's worth noting that the PRA has made it abundantly clear that freezing her bank account is just the beginning. Further measures are in the pipeline to guarantee the retrieval of the remaining tax debt, which may include potential property seizures and the freezing of other financial accounts.

The authority is committed to ensuring tax compliance and has left no stone unturned in pursuing these efforts. What makes this situation particularly concerning is that Dolly had previously been served multiple notices urging her to address her tax liability. However, she consistently failed to adhere to the scheduled payments, leading to the freezing of her account.

In the face of these revelations, she has chosen to remain silent on this matter, leaving many to wonder about the ultimate resolution of this complex and financially significant issue.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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