NAB suo motu saves Rs 47 billion

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Tax evasion of Rs 47 billion from the national exchequer has been prevented by the National Accountability Bureau (NAB) authorities through a suo moto decision of the NAB chairman.
According to details, around Rs 47 billion loss has been caused to national exchequer through tax evasion by five cellular companies including National Telecommunication Corporation (NTC) Pakistan Telecom Mobile Compay Ltd (PTML) Telenor, Pakistan Mobile Communication Ltd and Warid. On July 4, Chairman NAB took suo moto notice to safeguard Rs 47 billion for the people of Pakistan and asked Chairman FBR to appear in person to explain details about defaulted amount. Chairman FBR was also directed not to take any further action in terms of waiver of tax to cellular companies.
A spokesman of the NAB Hafiz Mohammad Irfan said the Chairman constituted a fact finding committee comprising DG Operations, Director Special Operations and a senior Banking Officer to probe into the matter. It was reported to the NAB authorities that the concerned staff of FBR was trying to issue subject waiver inspite of preventive instructions from the NAB.
The spokesman said that Chairman FBR tried to convince the inquiry committee that waiver is in line with the law but when confronted with evidence and supporting documents, he thanked NAB for timely intervention and guidance in safeguarding the interest of national exchequer. He said the cellular companies were evading tax since 2007 and the matter was taken up in 2010 by FBR Tax Auditors.
Minister for CADD calls on PM: Minister for Capital Administration and Development Nazar Muhammad Gondal called on Prime Minister Raja Pervez Ashraf here at PM House on Saturday and briefed him about the implementation of time scale promotion and other facilities for the teachers at the Federal Capital which indeed had boosted their moral to undertake their responsibilities with devotion and commitment.
The Prime Minister said that education was important component for human resource development and the services of the people responsible for this needed to be acknowledged. He also appreciated the Punjab PPP and their allied parties for exhibiting political sagacity and discipline on the day of budget speech in Punjab Assembly.
The Prime Minister said they should continue to play a role of responsible and informed opposition within the parameters of parliamentary traditions.

1 COMMENT

  1. Kindly Ask from Electronic & Print media dont they think 47 billion Rupees is i big amount??? why there is no any talk show for the same..ask from all cellular companies why they didn’t paid the said Tex since 2007?& Ask from Auditors of GOVT where they are???

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