The FBR has secured multiple stay orders from Lahore, Islamabad, Peshawar and Sindh courts during the past few weeks, including two stay orders against the FTO’s decision to inspect Karachi and Islamabad Automatic Exchange of Information (AEOI) zones. The other stay orders were related to domestic tax cases being handled by Lahore, Faisalabad, Islamabad, Peshawar and Karachi offices. The FBR headquarters forwarded Rs152 billion or nearly $1 billion cases to the Karachi zone, which recovered hardly $19 million or Rs3.1 billion. Similarly, in case of Islamabad zone, the FBR forwarded Rs59.5 billion cases but the zone could recover hardly Rs305 million or $3 million. To make the investigation transparent, the FTO wanted to take an officer of the FBR nominated by the FBR chairman.

Source: The Express Tribune July 27, 2021 04:18 UTC