Pakistan Customs Issues Notice to Pak Arab Refinery Over Alleged Petroleum Storage and Delivery Irregularities
The Faisalabad enforcement division of Pakistan Customs initiates regulatory scrutiny against Pak Arab Refinery Limited regarding serious statutory compliance lapses.
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.