FBR Freezes PIA’s Accounts Over Tax Evasion

The Federal Board of Revenue (FBR) has frozen all bank accounts of the Pakistan International Airlines (PIA) over non-payment of outstanding tax dues.

According to the news reports, PIA has to pay Rs 10 million to the FBR, but the national carrier could not make the payments on time.

The FBR, in response, froze all PIA accounts, making it difficult for the latter to pay salaries to the employees and fund flight operations.

Apart from payment of salaries and pensions, PIA is also struggling to acquire fuel for its jets as the national carrier is unable to pay suppliers.

The accounts were frozen and even after the passage of three days, no progress has been made. As per reports, the talks between the PIA and the FBR also bore no fruits.

In the past, the FBR had frozen almost half a dozen bank accounts of the national flag carrier after PIA defaulted on Rs 3.5 billion tax payments. The issue ended when PIA deposited Rs 85 million and pleaded that freezing the accounts had started affecting the airline’s operations.


Shell Banned in Pakistan for Tax Evasion [Update]

Recently, FBR also suspended Shell Pakistan’s sales registration for deliberately committing tax fraud to evade tax worth Rs 3 Billion. In response, Shell Pakistan approached the Sindh High Court for relief. The court granted a stay order in the larger public interest and fixed a hearing for April 30, 2018

The Federal Board of Revenue (FBR) has restored the sales tax registration of Shell Pakistan after the court issued a stay order on Friday.

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