Punjab minister insists move will not harm public exchequer
Probe came after DG intelligence pointed to goods smuggling into country
Govt has also decided to add few sectors to tax net, which currently enjoy zero tax rates
Ishrat Hussein says selection should be based on contribution rather than aristocracy
Move aimed at combating under-invoicing, duty and tax evasion
FTO had sought action against FBR officers involved in vehicle smuggling, sale
Senate panel objects to declaring trade-based illegal transfer of funds overseas as money laundering
Tax evasion in corporate sector of Pakistan can be reduced by decreasing corporate tax rates
Tax authorities have scrambled to respond to the massive tax evasion system that the leak revealed
Lack of recordkeeping causes losses of millions through tax evasion and loss of life due to illegal moonshine