Pakistan In Focus- FBR freezes pr accounts, recovers PKR 60 million.

The Federal Board of Revenue (FBR) froze the bank accounts of Pakistan Railways (PR) and recovered Rs60 million due to non-payment of its dues.

However, after the PR approached the court to restrain the FBR and obtained a stay, the accounts were restored. The FBR has nevertheless not returned the recovered amount as the court directed officials to resolve the financial issues within a month.

It was learnt that the PR defaulted on Rs60 million of the FBR in terms of income tax for the year 2007.

According to sources, the railway officials have contended that...