SRINAGAR: A man died while two others were injured in a road accident on Mughal road in the Hirpora area of Shopian district on Friday. An official said that the accident took place between several vehicles on Mughal road near Hirpora.
Tax recoveries remain at $30m
Tax ombudsman suspects corrupt practices behind low offshore recoveries
ISLAMABAD:
The government could recover a meagre $30 million (Rs4.6 billion) out of cases of billions of dollars referred by the Organisation for Economic Cooperation and Development (OECD), prompting a state institution to launch probe into complaint of malpractices.
Average tax recovery in 1,150 cases by three zones was just Rs4 million or $25,800 per case owing to poor performance of the Karachi Zone of the Federal Board of Revenue (FBR), according to official documents seen by The Express Tribune. The official record shows that progress on thousands of offshore tax evasion cases was painstakingly slow despite Prime Minister Imran Khan’s declaration that the recovery of stolen and tax-evaded offshore money was his high priority.