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Home Islamabad

FBR starts investigating transfer of $4.7b to India

byCT Report
28/04/2016
in Islamabad, Latest News
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ISLAMABAD: Federal Board of Revenue (FBR) has started investigating the transfer of more than $4 billion to India from Pakistan under offshore companies.

Sources said that the World Bank also confirmed in its report that $4.7 billion were transferred to India via Dubai. The official source said that the amount was transferred to India as real estate investment. Those involved in sending these billions of dollars include the people who are not tax payers in Pakistan in the first place.

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