Faisalabad-based firm found involved in 'tax fraud'.

ISLAMABAD -- After withdrawal of zero rating regime for five export oriented sectors, the FBR caught a Faisalabad-based firm involved in an alleged business of flying/fake invoices and committing tax fraud of Rs134.4 million, reported local paper.

The FBR's Directorate of Intelligence and Investigation (Inland Revenue), Faisalabad has unearthed a big scam of issuing/adjusting fake and flying invoices involving tax fraud of millions of rupees, the publication said. FBR has launched tax fraud proceedings against the salestax fraudsters and has also filed the FIR against...