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FBR decides to go after 169 wealthy tax evaders, non-filers

10:02 PM | 2 Oct, 2018
FBR decides to go after 169 wealthy tax evaders, non-filers

ISLAMABAD - The Federal Board of Revenue (FBR) has started a massive drive for the recovery of taxes from 169 big and influential tax evaders.

According to FBR, the crackdown on the high-value targets has been launched on the instruction of Federal Minister for Finance Asad Umar as part of the government's efforts to widen the tax net.

https://twitter.com/PTIofficial/status/1047125152591298560

In the first phase, strict action is being taken against 169 tax evaders and non-filers with a proven trail of large business transactions and financial deals made by them in recent times.

All such tax evaders have been identified by the FBR and are being proceeded against for recovery of payable tax besides being subjected to heavy fines and penalties for failing to fulfil their tax obligations.

The FBR has also decided to start the action, in a phased manner, against all those tax evaders who have purchased properties over 20 million rupees, or purchased 1800 CC or larger engine cars, or received rent to the tune of 10 million rupees or more in a year but have not filed their tax returns.

The drive for the recovery of tax from these big tax evaders is being launched across Pakistan without any discrimination.

The FBR has further warned the tax evaders to file their tax returns and pay their due taxes within the due date as the government is committed to reviving the national economy by introducing and promoting a healthy tax culture under which all Pakistanis pay their due taxes and contribute to the socioeconomic development of the country.

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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Currency Rates in Pakistan Today - Pakistani Rupee to US Dollar, Euro, Dirham, Riyal 29 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 29, 2024 (Wednesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.64 731.64
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 26.02 26.32
Swiss Franc CHF 304.75 307.25
Thai Bhat THB 7.6 7.75

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