ISLAMABAD: The Directorate General of Internal Audit and Post clearance Audit (PCA) of the Federal Board of Revenue (FBR) have failed to recovered tax evasion according to Auditor General of Pakistan report of 2014-15.
Sources told Customs Today that the Auditor General of Pakistan has mentioned in its report for the year 2014-15 that the FBR has established both organizations Internal Audit and PCA to stop and recover the tax evasion in the import sector but both organizations have failed to achieve their assigned targets.
Sources said that the Auditor General of Pakistan has directed the FBR to strengthen its internal control and revamp the systems of internal audit and the PCA.
Profit repatriation hits $759m in 8MFY24: SBP
KARACHI: Repatriation of profit and dividends from Pakistan by foreign investors increased to $759.2 million in the first eight months...