BR100 Increased By (1.56%)
BR30 Increased By (1.52%)
KSE100 Increased By (1.35%)
KSE30 Increased By (1.43%)
AGHA 7.90 Increased By ▲ 0.15 (1.94%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 58.88 Increased By ▲ 0.22 (0.38%)
BOP 34.38 Increased By ▲ 0.69 (2.05%)
CNERGY 10.87 Increased By ▲ 0.26 (2.45%)
CSIL 5.32 Increased By ▲ 0.02 (0.38%)
FCCL 54.67 Increased By ▲ 0.93 (1.73%)
FFL 16.83 Increased By ▲ 0.37 (2.25%)
FNEL 1.21 Decreased By ▼ -0.01 (-0.82%)
KEL 7.44 Increased By ▲ 0.16 (2.2%)
KOSM 5.71 Increased By ▲ 0.07 (1.24%)
LOTCHEM 30.05 Increased By ▲ 0.40 (1.35%)
MLCF 97.33 Increased By ▲ 0.97 (1.01%)
NBP 206.15 Increased By ▲ 2.62 (1.29%)
NCPL 58.25 Increased By ▲ 1.40 (2.46%)
NPL 69.13 Increased By ▲ 1.82 (2.7%)
OGDC 322.00 Increased By ▲ 3.78 (1.19%)
PACE 10.77 Increased By ▲ 0.14 (1.32%)
PAEL 42.74 Increased By ▲ 0.97 (2.32%)
PIBTL 17.17 Increased By ▲ 0.36 (2.14%)
PPL 224.15 Increased By ▲ 3.98 (1.81%)
PRL 52.66 Increased By ▲ 3.61 (7.36%)
PTC 71.00 Increased By ▲ 0.99 (1.41%)
SSGC 29.61 Increased By ▲ 0.47 (1.61%)
TBL 9.78 Increased By ▲ 0.01 (0.1%)
TELE 8.98 Increased By ▲ 0.16 (1.81%)
TPL 17.49 Increased By ▲ 0.32 (1.86%)
TPLP 12.86 Increased By ▲ 0.35 (2.8%)
TREET 22.93 Increased By ▲ 0.34 (1.51%)
TRG 60.69 Increased By ▲ 0.47 (0.78%)

KARACHI: The Regional Tax Office-1 has arrested the mastermind, Bilal Imam, behind a cumulative sales tax fraud worth Rs. 4.2 billion. The accused was involved in sales tax fraud Rs. 1.9 and 2.3 billion pertaining to RTO-1 and LTO respectively.

Both the offices had lodged separate FIRs against the accused and he has been absconding along with his brother from FBR authorities for last one & half year.

The accused was presented before the Special Judge of Customs, Taxation and anti-Corruption where his four-day physical remand has been obtained.

Sales tax fraud: Five senior companies’ officials held

The regional office has initiated further investigation for unveiling the accurate details of fiscal loss incurred by the state. The tax authorities have also informed that drive against tax dodgers and evaders has been intensified to bring justice those who have committed illegalities.

Chief Commissioner RTO-1 Dr Fahim Mohammad has appreciated his team for apprehending such a high-profile player. He has directed for carefully investigating the details that could pave the way for exploring other such high-profile cases.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.