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March 10, 2024

News Desk

Customs uncovers tax fraud of Rs 1 billion

KARACHI: Pakistan’s postal customs audit has detected over Rs 1 billion worth of tax evasion from a fake manufacturing unit. A case was registered against the tax evader, Khyber Fabrics Embroidery, after it was found that it imported only duty-free raw materials for sale and not for manufacturing value-added products. PCA North director Samiul Haq told The Express Tribune that Khyber Fabrics, with national tax number (NTN) 4451931-5, imported raw material worth Rs 3.7 billion. Shipments were made to his manufacturing concern. However, instead of using the raw material to produce value-added products for supply to tribal areas, the company

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