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Home Latest News

FBR raids various KP industries; confiscates records to probe

byCT Report
23/02/2017
in Latest News, National
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PESHAWAR: Deputy Director Federal Board of Revenue (FBR) Mohammed Tariq Khan raided various industries registered with the Industrial Association Peshawar and took industries’ records into possession for investigation at Khyber Pakhtunkhwa province.

The provincial government officials were informed by the Director KP Economic Zones about the recent development by the FBR to investigate and issue notices to industries registered under the tax net regulations. Director Khyber Pakhtunkhwa Economic Zones Adeel Rauf and Adviser to Chief Minister KP government Mushtaq Ahmad Ghani visited the Frontier Foundry at Hayatabad to meet the members of Industrial Association Peshawar.

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Efforts were made to remove hurdles for setup of industries in Khyber Pkhtunkhwa province by the KP government but industrialists were mistreated and their documents were also taken into possession by the FBR due to which several industries stopped working.

He termed the raids part of investigations. Mushtaq Ahmad Ghani announced a committee which includes Provincial Minister for Trade Abdul Karim, Senator Nouman Wazir, Senator Mohsin Aziz, Provincial Finance Minister Ghulam Dastagir and Ghazanfar Bilour along with others. The committee will discuss the issues of tax and revenue including registration with the FBR. The president of the Industrial Association Peshawar said the FBR needs to investigate the parameters set as economy is run due to taxes paid by these industries.

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