Iftar Timings Mar 28 - Ramazan 17

Lahore
LHR
06:20 PM
Karachi
KHI
06:46 PM
Islamabad
ISB
06:26 PM
Peshawar
PWR
06:30 PM
Quetta
QTA
06:49 PM

News

Bank accounts of 15 richest Pakistanis frozen for non-payment of tax

FBR says these tax defaulters owed Rs450 million in taxes

March 17, 2023 01:31 PM


The Federal Bureau of Revenue (FBR) has frozen bank accounts of country’s 15 richest people for non-payment of tax, reported 24NewsHD TV channel on Friday.

Fast-tracking the action against tax defaulters, the FBR made the move against the wealthy people for not paying one percent capital value tax on Rs100 million assets kept abroad.

These 15 richest people owed some Rs450 million in taxes to FBR.

Sources said the Board has constituted 15 teams in this regard which after meeting all legal requirements froze these bank accounts.

The FBR has maintained that the high court has upheld the imposition of this capital value tax by declaring it legal.

The FBR also recalled that the prime minister had also directed it to accelerate the tax recovery process from wealthy tax defaulters.

According to sources in FBR, the 15 tax defaulters included names of some prominent businessmen and bankers.

 

Reporter Ashraf Khan



Most Read

  1. Aitchison College principal resigns over differences with Punjab governor Aitchison College principal resigns over differences with Punjab governor
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Tribal firefight in Gotki, Motorways section shut down Tribal firefight in Gotki, Motorways section shut down
  4. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  5. Transferred: Lawman bears the brunt of flagging down lawmaker Transferred: Lawman bears the brunt of flagging down lawmaker
  6. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer