Web Desk (May 15, 2018): A Chinese coal supplier company was identified as tax evader of Rs1.12 billion on its imports, stated Pakistan’s Customs Authorities.
The firm used to supply coal to the 1,320-megawatt Sahiwal Power Plant but the tax machinery is reluctant to file a criminal case due to sensitivities attached with the China-Pakistan Economic Corridor (CPEC).
Despite the fact that the company has admitted its fault and deposited Rs1.2 billion in the exchequer last month, the Federal Board of Revenue (FBR) is reluctant to register a criminal case against Huaneng Fuyun Shipping Company owing to ‘national interests’.
The case highlights the magnitude of challenges authorities are facing in dealing with Chinese firms.
The first investigation report has not been registered against Huaneng Fuyun Shipping in ‘national interest’, said an FBR official on the condition of anonymity.
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