Tax recoveries remain at $30m - News Summed Up

Tax recoveries remain at $30m


PM Khan had promised to recover the $200 billion worth of looted money. Out of this sum, they made Rs14 billion worth of tax assessments and collected only Rs4.6 billion, so far in 1,150 cases. Karachi AEOIThe AEOI zone Karachi is headed by Commissioner Shakeel Kasana, The FBR had referred nearly 900 cases worth Rs152 billion or $1.5 billion to the Karachi zone for recoveries. In 624 cases, the Karachi zone made Rs5.1 billion tax demands and recovered only Rs3.2 billion. About 275 cases remain pending in the Karachi zone.


Source: The Express Tribune April 16, 2021 03:45 UTC



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