Pakistan, IMF Cut Tax Target by Rs. 620 Billion

Authorities from Regional Tax Office-1 (RTO-1) have arrested Bilal Imam, the key suspect in a Rs—4.2 billion sales tax fraud case.

Officials revealed that Rs. 1.9 billion worth of fraud was committed under RTO-1, while Rs. 2.3 billion was linked to the Large Taxpayers Office.

Imam had been on the run for 18 months along with his brother, despite separate FIRs filed against them. After his arrest, he was presented before the Special Judge of Customs, Taxation, and Anti-Corruption, who granted a four-day physical remand for further investigation.

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Pakistan and IMF Reduce Tax Collection Target by Rs. 620 Billion

Tax officials have launched a detailed inquiry to assess the full financial impact of the fraud. Authorities have intensified their crackdown on tax evaders, reaffirming their commitment to bringing financial criminals to justice.

Dr. Fahim Mohammad, Chief Commissioner of RTO-1, praised his team for capturing such a major tax fraud suspect. He has ordered investigators to explore potential links to other high-profile tax evasion cases.