Pakistan tax authorities discover Rs70 billion worth of trade-based money laundering by solar panels importers

KARACHI: Pakistan’s tax authority has made a landmark detection of Rs70 billion on account of over-invoicing and trade-based money laundering by solar panels importers. Federal Board of Revenue (FBR) carried out sector-based audit of solar penal importers to check twin aspects of over-invoicing and trade based money laundering (TBML). State Bank of Pakistan also recently…