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tax fraud

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ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn a major condition of filing of affidavits (tax period...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

Life & Style

Shakira loses appeal to avoid trial in Spanish tax fraud case

MADRID: A Spanish court has dismissed an appeal from Colombian singer Shakira and ratified a prior decision, which...

Published 26 May, 2022 06:42pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
FTSE 100 / Nov 20	8,085.07
Dow Jones / Nov 20	43,408.47
Germany DAX 30 / Nov 20	19,004.78
France CAC40 / Nov 20	7,198.45
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17

Item	Value
Gold 10 Grams PKR / Nov 20	238,940
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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