KARACHI: The Federal Board of Revenue (FBR) has traced 40 fake companies that got millions of rupees under the head of illegal sales tax refunds and input adjustment.
The tax staff registered the companies without confirmation of their addresses. Most of the companies got Rs 30 million average by false claims. It has become very easy to get a large amount of money this way. The FBR has decided to take stern action against such companies.
Ogra allows Cnergyico to export 40,000 tonnes furnace oil in April as surplus builds
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has approved export of up to 40,000 metric tonnes of furnace oil for...
