Tax evasion worth Rs1.12 trillion has allegedly been uncovered in tax-free zones in Malakand and Khyber Pakhtunkhwa (KP), according to sources within the Federal Investigation Agency (FIA).
The FIA has reportedly launched an investigation into the alleged tax evasion involving imported materials. A five-member investigation team, headed by the Additional Director General FIA North, has been constituted to probe the matter.
According to FIA sources, 108 companies have allegedly been involved in tax evasion amounting to around Rs389 billion. Notices have reportedly been issued to the companies as part of the investigation.
The owners and managing director of a private edible-oil company have also been summoned for questioning.
The investigation was reportedly initiated following recommendations from the Senate Standing Committee on Interior.
The allegations remain subject to investigation, and the reported figures and involvement of the companies have not yet been established as final legal findings.
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