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Islamabad: An apparent difference of Rs730.797 billion between import records and consumption certificates has raised serious questions about the use of tax exemptions under the FATA/PATA scheme, prompting a Senate subcommittee to demand a detailed investigation into possible tax evasion, diversion of goods, corruption and money laundering. The Federal Board of Revenue (FBR) informed the Senate subcommittee that imports worth Rs1,120.662 billion were recorded between 2018 and June 2026. However, consumption certificates covered imports worth only Rs389.865 billion, leaving an…
By Nadeem Tanoli ·
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Upgrade this serverIslamabad: An apparent difference of Rs730.797 billion between import records and consumption certificates has raised serious questions about the use of tax exemptions under the FATA/PATA scheme, prompting a Senate subcommittee to demand a detailed investigation into possible tax evasion, diversion of goods, corruption and money laundering. The Federal Board of Revenue (FBR) informed the Senate subcommittee that imports worth Rs1,120.662 billion were recorded between 2018 and June 2026. However, consumption certificates covered imports worth only Rs389.865 billion, leaving an unreconciled…
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