FBR launches crackdown against 169 wealthy non-filers

News Image

MG News | October 02, 2018 at 05:49 PM GMT+05:00

0:00

October 2, 2018 (MLN): Federal Board of Revenue (FBR) has launched a crackdown against potentially wealthy non-filers, on the instructions from Finance Minister Asad Umar.

Around 169 potential non-filers have been rounded up who have bought over 3000 CC or larger cars and have paid millions in property rents, yet have not made any tax payments or filed tax returns. FBR plans to take strict action against these individuals.

These individuals are known to have made large business transactions and financial deals recently.

All tax evaders who have recently purchased properties worth over Rs.20 million, 1800 CC or larger engine cars or received rent to the tune of Rs.10 million or more annually will be tapped down by FBR.

 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

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 157,132.10
429.92M
3.39%
5159.10
ALLSHR 93,566.86
763.32M
2.62%
2388.00
KSE30 48,302.97
218.66M
4.27%
1976.50
KMI30 220,798.52
207.58M
4.07%
8628.34
KMIALLSHR 59,988.53
433.51M
2.75%
1606.15
BKTi 46,193.08
61.76M
4.26%
1887.06
OGTi 30,193.10
21.94M
3.73%
1086.31
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 68,590.00 69,160.00
68,160.00
125.00
0.18%
BRENT CRUDE 82.11 82.77
81.28
0.71
0.87%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-7.85
-7.32%
ROTTERDAM COAL MONTHLY 124.15 139.50
124.15
5.35
4.50%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 75.01 75.70
74.37
0.45
0.60%
SUGAR #11 WORLD 13.95 14.20
13.91
0.04
0.29%

Chart of the Day


Latest News
March 04, 2026 at 05:32 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


March 03, 2026 at 11:13 PM GMT+05:00

QatarEnergy suspends downstream operations


March 03, 2026 at 07:24 PM GMT+05:00

Was Investor Ready for T+1?


March 03, 2026 at 03:31 PM GMT+05:00

PKR inches up against USD


March 03, 2026 at 03:18 PM GMT+05:00

Gold price in Pakistan falls Rs13,900 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg