Abb Takk News

Panama, Bahamas Leaks: FBR finally awakens from deep slumber

ISLAMABAD: The premier tax  collecting agency of the country Federal Bureau of Revenue (FBR) seems to have suddenly awaken from a deep slumber with regard to infamous Panama and Bahamas leaks and the offshore companies as well as money laundering attached to it.

FBR has decided to speed up its action against those who did not respond to the initial notices sent by it by issuing these notices once again.

According to sources the respondents will be given 15 days to respond to the notices and they will be fined Rs 25,000 a day if they fail to reply to the fresh notices.

It may be mentioned here that of the 600 Pakistanis named in the Panama and Bahamas leaks less than 150 have replied thus far.