FBR freezes Zong accounts, claims ‘default’

The Federal Board of Revenue (FBR) has reportedly frozen the bank accounts of Zong, a sub-organization of China Mobile Communications Group Co., Ltd., under the claims that the company defaulted taxes. 

According to reports, the FBR has accused the Chinese networking organization of “income tax default” worth approximately Rs. 4.1 billion. Sources have claimed that an enforcement team of the Large Taxpayers’ Office, Islamabad took action against Zong on Thursday.

Rupee breaches 184, drops to new historic low

Gold price gains Rs. 100 per tola in Pakistan

PFA new DG Shoaib Khan Jadoon assumes charge

Muhammad Afaq Khan appointed new President of MCB Islamic Bank

SBP announces office & business hours in Ramadan-ul-Mubarak

According to Pakistan Today reports, the team “attached its bank accounts across the country”. Sources within FBR have said that the amount was against the advance tax liability that the organization owed for the first quarter of the current tax year under the income tax law(s). 

In addition, FBR is known for taking routinely action against telecom companies, however, the action(s) generally stayed in courts, rarely upheld.  

Islamic banking assets record highest ever growth of Rs1.3t in CY21: SBP

PTI finalises references on dissident MNAs

Horoscope predictions for today, April 2, 2022

Taliban declare public holiday in the country

Central Ruet-e-Hilal Committee to convene moon sighting today

It is pertinent to note that like FBR’s actions against Zong, Telenor Pakistan faced similar allegations recently. Meanwhile, recovery actions are expected to be initiated shortly, against other telecom organizations.

India will suffer consequences for trade in Russian currency: US

Stay tuned to Baaghi TV for more. Download our app for the latest news, updates & interesting content!