ISLAMABAD (Web Desk) – The Federal Board of Revenue (FBR) on Tuesday launched an investigation into offshore companies under Pakistani ownership.

However, FBR officials said they cannot legally compile income and wealth tax data prior to 2010.

The FBR is collecting data and tax details of the owners of offshore companies and scrutinizing their tax record for the previous five years.

The records it gathers will also be shared with the election commission of Pakistan.