Search

x
Join our whatsapp channel for News Updates

QMobile manufacturer blacklisted for tax evasion of Rs520m, claims newspaper

12:39 PM | 10 Nov, 2017
QMobile manufacturer blacklisted for tax evasion of Rs520m, claims newspaper
LAHORE - The Federal Board of Revenue (FBR) has blacklisted QMobile manufacturer, Digicom Electronics for tax evasion of millions of rupees.

An Urdu daily, Khabrain, claimed that the company paid around Rs300 million to Indian actors for working in the advertisement of his cellphones but avoided paying taxes in Pakistan. The latest investigations conducted by the FBR revealed that the company has evaded Rs520 million taxes, it added.

The company paid Rs100 million each to Indian actresses Kareena Kapoor Khan and Jacqueline Fernandez, while the same was given to Arjun Singh, Shahid Kapoor and Ranvir Singh, it said.

Digicom allegedly smuggled 145,000 cell phones into Pakistan by misusing the green channel, it claimed, adding that the company also received Rs740 million in the name of a tax refund.

The newspaper said most of the QMobile’s cell phones are sold without IMEI (International Mobile Equipment Identity) number, which is normally used to stop stolen devices from accessing the network, and some have wrong code.

It all happens as allotting the IMEI numbers to smuggled cellphones is a difficult task. Due to the lack of the IMEI numbers, the QMobile is one of the favourite brands of thieves and terrorists.

It is important to mention here that the company was only permitted to import the cellphones but it has started manufacturing. The newspaper claimed that bribery was used to get the permission.

Advertisement

Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter