PAKISTAN: Textile Firms Guilty Of Fraud
Seven Pakistani textile units have been found guilty of tax fraud by the Central Board of Revenue, the Business Recorder reported. Nishat Mills Ltd, Faisalabad, sales tax involved Rs 54.576m; Bismillah Textile Mills, Faisalabad, Rs 50,000m; Arzoo Textile Mills, Faisalabad; Raza Nazir & Co, Faisalabad, Rs 10.500m; Pacific Trading Industry, Rs 8.00m; Weavetex International, Rs 51.277m and Rabia Textile Mills, sales tax involved is Rs 22.119m are all being investigated by the authority.