FBR seizes record of Fashion Designer Faraz Manan in Rs20m tax evasion

LAHORE: Federal Board of Revenue has confiscated the sales and production record of a famous fashion designer Faraz Manan.

According to sources of Customs Today on Friday, a raid was conducted on the fashion designer’s office located in Gulberg.

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Federal Board of Revenue has also started investigation after confiscation of the record and statements.

Said fashion designer was working without paying any sales tax. Faraz Manan has a big network in Pakistan and abroad as well. In last year’s lawn campaign, Faraz Manan has signed an Indian actress, Karena Kapoor, as fashion model for his brand at a very high price. He was not paying tax even it was earning millions of rupees. He has incurred a loss of Rs20million to the national kitty, sources has informed Customs Today.

Federal Board of Revenue had already sent many notices to the designer, but he didn’t pay any attention and even not registered their brand.

On the other hand, Faraz Manan said they didn’t receive any notice from the FBR.