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tax fraud

PCA unearths Rs2.4bn tax fraud ‘committed’ by cement maker

KARACHI: The Post Clearance Audit (PCA) South has detected a tax fraud amounting to Rs. 2.4 billion against a...

Updated 30 Dec, 2024 09:23am

Business & Finance

PCA South uncovers Rs340m tax fraud

KARACHI: The Post Clearance Audit (PCA) South has exposed a massive financial fraud involving a phantom company that...

Updated 23 Dec, 2024 09:47am

World

VAT fraud ring broken in Europe, 520m euros seized

ROME: Investigators have broken up a mafia-linked crime ring carrying out VAT fraud in Europe, issuing around 40...

Published 15 Nov, 2024 06:36am

GST fraud allegations: Leading cos’ CFOs go into hiding

ISLAMABAD: The chief financial officers (CFOs) of companies allegedly involved in sales tax fraud have apparently...

Updated 18 Oct, 2024 02:53pm

Tax returns filed by CFOs: FBR lifts affidavit filing condition

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period...

Updated 18 Oct, 2024 09:25am

Sales tax fraud: Five senior companies’ officials held

ISLAMABAD: The Directorate General of Intelligence & Investigation-Inland Revenue has arrested five senior...

Updated 15 Oct, 2024 09:15am

Markets

‘War on tax fraud’: Pakistan faces revenue gap of Rs3.4tr due to tax evasion & fraud, says finance ministry

Finance & Revenue Division cites FBR study pertaining to iron & steel, beverages, batteries, textile, and cement sectors

Updated 10 Oct, 2024 09:18pm

Business & Finance

Cement co found involved in massive tax fraud

KARACHI: A top cement company is involved in a huge tax fraud scheme amounting to over Rs. 11 billion through a ...

Published 28 Sep, 2024 07:16am

Business & Finance

Major sales tax fraud unearthed

KARACHI: The Directorate of Internal Audit (Southern Region) has uncovered a major sales tax fraud involving Rs 11.3...

Published 16 Aug, 2024 06:56am

‘Tax fraud’ definition expanded under revised Sales Tax Act 1990

ISLAMABAD: The “tax fraud” would cover any person, who would make taxable supplies without getting sales tax...

Updated 26 Jul, 2024 09:40am

Special Judge C&ET Karachi to take up tax fraud case on 27th

ISLAMABAD: Special Judge Customs & Excise Taxation Karachi will take up the matter of alleged tax fraud on fake/...

Updated 08 Jul, 2024 09:22am

Business & Finance

Tax fraud unearthed in a Karachi textile unit

KARACHI: The Directorate of Post Clearance Audit (PCA) South has “exposed” a large-scale tax fraud worth ...

Published 06 Jul, 2024 06:48am

Business & Finance

FBR to set up ‘tax fraud probe wing’

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to establish a Tax Fraud Investigation Wing-Inland Revenue...

Published 29 Jun, 2024 06:40am

Business & Finance

Scope of ‘tax fraud’ phrase widened

ISLAMABAD: The issuance of sales tax invoice without actual supply of goods in the market would now be considered a...

Published 24 Jun, 2024 07:00am

Business & Finance

Around Rs358m another tax fraud detected in EFS

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Business & Finance

EFS: another tax ‘fraud’ detected

KARACHI: Another tax fraud, amounting to around Rs 358 million has been detected in the Export Facilitation Scheme...

Published 23 Feb, 2024 06:36am

Property registration in Punjab: Mega WHT evasion scam unearthed

Tax office of Federal Board of Revenue conducts an electronic audit of property registrars in Punjab

Updated 18 Dec, 2023 11:51am

Pakistan

Two accused held under Section 37A of ST Act 1990

ISLAMABAD: In an effort to curb the menace of fake and flying invoices, Directorate of Inland Revenue Intelligence...

Published 29 Sep, 2023 06:24am

Units involved in tax fraud: FBR suggests new sections in ST Act for penal action

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed separate sections in the Sales Tax Act for suspension of...

Updated 27 Aug, 2023 09:36am

FBR wing unearths Rs1.2bn tax fraud scheme

KARACHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has made a significant breakthrough in...

Updated 01 Aug, 2023 09:26am

Sale tax law: expert approves of new definition of ‘tax fraud’

ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,...

Updated 31 Jul, 2023 09:46am

Business & Finance

DI&IR Lahore detects ‘tax fraud’ by a company

ISLAMABAD: Directorate of Intelligence & Investigation (IR) Lahore has detected a tax fraud committed by a...

Published 27 Jun, 2023 06:15am

Business & Finance

EU backs tougher tax rules on crypto transactions

BRUSSELS: EU ministers agreed stronger rules Tuesday to crack down on the use of cryptocurrencies in tax fraud, as...

Published 22 May, 2023 06:23am

FTO orders FBR to initiate probe into ‘tractor fraud’

ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued an order in favour of poor growers/ farmers community of Sindh...

Updated 13 Feb, 2023 09:19am

Business & Finance

EU uncovers 2.2-bn-euro cross-border tax fraud

BRUSSELS: The EU on Tuesday announced the discovery of a sophisticated 2.2-billion-euro ($2.3-billion) VAT tax fraud...

Published 30 Nov, 2022 05:53am

Deutsche Bank HQ raided in tax fraud probe

FRANKFURT: The headquarters of Germany’s biggest lender Deutsche Bank were raided on Tuesday as part of...

Published 19 Oct, 2022 06:44am

Life & Style

Spanish court formally sends Shakira to trial for tax fraud

MADRID: A Spanish court on Tuesday formally ordered Colombian superstar Shakira to stand trial on accusations that...

Published 27 Sep, 2022 05:06pm

World

Dubai appeals non-extradition of Briton accused of tax fraud

DUBAI: Dubai’s attorney general will appeal against a court’s refusal to extradite a British national wanted over an...

Published 16 Sep, 2022 08:38pm

World

UAE rejects extradition of Briton accused of $1.7bn tax fraud

COPENHAGEN: A Dubai court on Monday rejected Denmark’s extradition request for a Briton accused of robbing the...

Published 12 Sep, 2022 09:09pm

Sports

Ex-footballer Samuel Eto’o pleads guilty to tax fraud to avoid prison

BARCELONA: Former Cameroon football star Samuel Eto’o has struck a deal with Spanish prosecutors to avoid going to...

Published 20 Jun, 2022 09:08pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	3.74 ▲ 0.34 (10.00%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Power Cem(Pref) / Jan 21 Power Cement (Pref)(POWERPS)	12.77 ▲ 1.16 (9.99%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Fateh Sports / Jan 21 Fateh Sports Wear Limited(FSWL)	72.50 ▼ -6.07 (-7.73%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.15 ▼ -0.66 (-6.73%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.34 ▼ -0.59 (-5.94%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)
Prosperity Weav / Jan 21 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.13
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.34
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.03
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	35,990,308 ▲ 1.74
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.18
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.41
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.74
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.95
Maple Leaf Cement / Jan 21 Maple Leaf Cement Factory Limited(MLCF)	19,744,679 ▲ 0.04

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