FBR Dismisses Inland Revenue Officer Over Mishandling of Rs238.4 Billion Tax Fraud Probe
The Federal Board of Revenue (FBR) has dismissed an Inland Revenue officer for mishandling a Rs238.4 billion tax fraud case involving M/s New Metro Footwear Co. and others. The officer was found negligent in conducting the investigation, prompting his removal after a detailed disciplinary inquiry.
SECP Recovers Rs26 Million in Penalties, Intensifies Crackdown on Corporate Non-Compliance
The Securities and Exchange Commission of Pakistan (SECP) has recovered Rs26 million in penalties during FY 2024–25 and launched aggressive enforcement actions against illegal financial activities and corporate non-compliance.