A large-scale alleged tax evasion has been uncovered in the tax-free zones of Malakand and Khyber Pakhtunkhwa, prompting the Federal Investigation Agency (FIA) to launch an investigation.
According to sources, the investigation will examine alleged tax evasion amounting to Rs1.12 trillion on imported materials. A five-member investigation team has been formed under the supervision of the Additional Director General North of the FIA.
FIA sources said the investigation will examine the import of materials into the tax-free zones and the tax-related transactions associated with them.
According to sources, the investigation was initiated on the recommendation of the Senate Standing Committee on Interior.
The FIA also said that 108 companies have been identified as allegedly involved in tax evasion worth Rs389 billion, and notices have been issued to them.
Sources further said the owners and managing director of a private edible oil company have also been summoned as part of the investigation.
