FBR catches Rs95m worth of tax evasion in Islamabad

The Federal Board of Revenue (FBR) on Thursday caught Rs95 million worth of tax evasion, reported 24NewsHD TV channel.

A raid was carried out by the intelligence wing of Inland Revenue, official sources said.

The raid was carried out at the office of a company in F-10, Islamabad.

The company was involved in selling coal to cement factories through fake invoices, the sources claimed.

Two persons involved in tax evasion through fake invoices were also arrested.

A seven-day physical remand of both the accused was also obtained.

Further investigation against the accused was underway.

Reporter: Waqas Azeem