Faceless Customs System Loses Rs100bn in Three Months

Faceless customs system loses Rs100bn in three months

Audit reveals widespread discrepancies, tax evasion, underinvoicing, solar panel money laundering scam.

FBR Dismisses PCA Claim Of Rs100bn Revenue Loss From FCA System - Pakistan Live News

An undated image of the Federal Board of Revenue (FBR) building in Islamabad. — APP/File Inquiry launched into report’s preparation and media leak. PCA’s claims of mis-invoicing and TBML ruled out by FBR. Shortfall exaggerated, Rs58m found versus Rs53bn claimed. ISLAMABAD: The Federal Board of Revenue (FBR) has dismissed the Pakistan Customs Audit (PCA) report alleging Rs100 billion in revenue losses after the introduction of the Faceless Custo…

FBR Rebuts Report of Rs100bn Loss Under Faceless Customs System - THE DESTINATION

Islamabad-(News Desk)- A news item in a leading newspaper alleging a revenue loss of Rs.100 billion due to the launch of the Faceless Customs Assessment (FCA) system has been thoroughly rebutted by the Chairman FBR along with his team of senior customs officers during a media briefing today. The report was based on misinterpretation of […] The post FBR Rebuts Report of Rs100bn Loss Under Faceless Customs System appeared first on THE DESTINATION.

Faceless Customs System Causes Rs100bn Loss in Three Months

The Faceless Customs Assessment (FCA) system, launched by Prime Minister Shehbaz Sharif in Karachi last year to combat corruption, has caused a staggering Rs100 billion revenue loss in only three months. A Pakistan Customs audit revealed loopholes, compliance failures, and evidence of trade-based money laundering that continue to undermine tax collection. The Pakistan Customs Audit, […] The post Faceless Customs System Causes Rs100bn Loss in Thr…