Home » World » Karachi Airport Customs Fraud: $384M Duty Evasion Uncovered

Karachi Airport Customs Fraud: $384M Duty Evasion Uncovered

by Priya Shah – Business Editor

Karachi ⁤-‍ The Federal Board of ⁤Revenue (FBR) announced Friday the ⁢uncovering of a⁢ significant customs fraud ⁤at Karachi airport‌ involving the evasion of approximately​ Rs384 million in duties and taxes.

the FBR stated⁤ that five consignments from a Dubai-registered ‌company were cleared using fraudulent gate passes and concealed within the Web-Based One‌ Customs (WeBOC) system. Authorities seized a consignment ‍worth⁣ Rs103 million, including laptops, iPads, ⁤iPhones,‍ MacBooks, PlayStations, and memory cards, as part of the investigation.

“Two first facts reports (FIRs)⁣ have been lodged,employees arrested,and further⁣ arrests are expected,” the FBR​ said in‍ a statement. ⁢

The ‍operation underscores the FBR’s ⁣”commitment to ⁣safeguarding national revenue,” with a warning that negligent customs officials will face consequences. This action follows a recent intensification of the FBR’s crackdown on tax evasion and smuggling at ports and airports ⁢nationwide.

Last month, the revenue watchdog launched a “Lifestyle Monitoring Cell” comprised of ⁢40 investigators tasked with identifying⁤ potential tax evasion thru social media platforms ⁤like ⁤Instagram, TikTok, and YouTube.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.