Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: FBR Exposes Rs 16 Billion Solar Panel Import Scandal in Islamabad
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
FBR Tax Directory
PhotoNews Pakistan > Business > FBR Exposes Rs 16 Billion Solar Panel Import Scandal in Islamabad
Business

FBR Exposes Rs 16 Billion Solar Panel Import Scandal in Islamabad

Web Desk
By Web Desk Published January 3, 2024 1 Min Read
Share
Federal Board of Revenue's illustrated logo
SHARE

The Federal Bureau of Revenue (FBR) in Islamabad has unveiled a significant financial scandal involving solar panel imports amounting to Rs 16 billion, bringing to light a serious breach in import regulations and financial monitoring protocols.

According to the FBR’s investigation, a private company illegally imported goods worth Rs 1.62 billion, including solar panels valued at Rs 16 billion for 11 companies. With a combined financial standing of less than Rs 4 million, these companies were not authorized to import goods through banks. The FBR’s findings also indicate that these companies’ data were systematically deleted post-import to evade detection.

This incident follows a previous discovery where over Rs 69.5 billion in over-invoicing was detected in solar panel imports between 2017 and 2022. The FBR report identified a consistent pattern of over-invoicing in 6,232 Goods Declarations (GDs) from 63 importers. It was found that Rs 72 billion was transferred by two private companies for solar panel imports worth only Rs 45 billion.

The Senate’s standing committee on finance received a briefing on these matters from the FBR chairman. Additionally, FIRs have been registered against those involved for violating financial monitoring unit rules by commercial banks.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Sidney Omen Brown death

Sidney ‘Omen’ Brown, Beyoncé and Drake Producer, Dies at 49

Imaan Mazari IHC Chief Justice Dogar complaint

Imaan Mazari Files SJC Complaint Against IHC Chief Justice Dogar

PSX KSE-100 rally

PSX Soars 800 Points as KSE-100 Reclaims 156,000 Mark

Post Archives

More Popular from Photonews

Pakistan floods IMF Review
Business

IMF to Review Pakistan’s Budget Agility Following Devastating Floods

2 Min Read
Google UK investment
Tech

Google Pledges £5 Billion for UK Data Centre and Jobs Boost

2 Min Read
Pakistan Stock Exchange KSE-100 drop 2025
Business

Pakistan Stock Exchange Faces Second Day of Losses in 2025

3 Min Read
Sports

Noah Lyles, Sydney McLaughlin-Levrone Lead US at 2025 Tokyo World Championships

The Tokyo World Championships 2025 kick off on September 13 in Tokyo, with Noah Lyles and…

September 10, 2025
Sindh

Malir River Flooding Shuts Korangi Crossing, Sparks Karachi Traffic Chaos

Flooding in the Malir River has caused the closure of Korangi Crossing and EBM Causeway. This…

September 11, 2025
Sports

Pakistan’s All-Women Team Summits 5,400m Bari La Peak in Historic Climb

On September 10, 2025, Pakistan’s first all-women mountaineering expedition summited the 5,400-meter Bari La Peak in…

September 12, 2025
Pakistan

Maria B Responds to Defamation Complaint Over Transgender Comments in 2025

Pakistani fashion designer Maria Butt, known as Maria B, formally responded to a defamation complaint filed…

September 10, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?