ISLAMABAD: The Supreme Court on Thursday directed the Federal Board of Revenue (FBR) to submit a report within two weeks on measures taken to recover money from individuals receiving undue tax refunds through fraud.
FBR Chairman Shabbar Zaidi told the court that the body had sent a summary to the Prime Minister’s Office for approval in order to initiate an inquiry against three people who are suspected of creating fake companies.
The court told him to additionally submit a written report of developments in the case in two weeks’ time. The FBR chairman said more time will be required to prepare one and requested the bench for the same, but the appeal was declined.
“This is a matter of Rs90 million,” remarked Justice Gulzar Ahmed, who was heading the two-member bench hearing the case. “Rs90m went missing from the national treasury and no one knows [about it].”
