It is the first of its kind fraud in the government’s flagship loan programme

This will be the lender’s first co-financing project with the AIIB in South Asia

Govt is looking to use the money to finance budget deficit

Most recipients may not respond to the letters, FBR vows to penalise them

Only $1.8b of total $7.5b disbursed so far, reveals damning audit report

Govt offered amnesty scheme, increased tax rates but to no avail

PPP senators also propose giving FBR chairman an extension in service

Convention aims to curb tax evasion, federal cabinet has given approval

Finance ministry says there has been remarkable increase in foreign exchange reserves

Finance minister launches MPs’ directory for tax year 2015