FBR sends notices to 2785 money launderers

The Federal Board of Revenue (FBR) has sent notices to some 2785 people who committed money laundering of Rs 102 billion on account of expensive gifts.As per media reports, the FBR have asked these people the details and sources of their income.Director General Intelligence and Investigation Shah Muhammad while endorsing this said that notices have been issued to all people who received costly gifts from various sources.“Income tax returns could not be verified clearly at the investigation of first stage and we are in continuous contact with all Regional Tax Officers (RTOs) in this regard”, he added and maintained that RTOs after scrutiny of these cases would inform FBR whether these costly gifts were received from legal sources or not.

He further said that the case of heavy amount of money laundering through gifts was witnessed when scrutiny of tax returns of a rich person was doing last year adding that Anti Money Laundering Cell of FBR when investigated it was known that some 2785 people committed money laundering worth Rs 12 billion on account of  gifts.“One person had received the gifts worth Rs 1.7 billion while eight others received gifts worth Rs 1.50 billion”, DG added.It is worth-mentioning here that gifts are exempted from tax as per current rules and regulations of FBR while various people were transferring heavy amount as gifts due to which national exchequer is facing heavy loss.


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HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
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HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism.  It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.


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