FBR seeks suspension of 40 bank accounts of Sindh University

The University of Sindh Jamshoro has turned out to be among Federal Board of Revenue (FBR) defaulters as it has not deposited the applicable taxes amounting to millions of rupees for several years.

According to sources, the university has hundreds of millions of rupees in developmental and non-developmental activities in which it has also deducted income tax from the payments, but that amount has not been deposited to the FBR for the past seven years.

Taking note of the irregularity, the FBR has sought the suspension of as many as 40 bank accounts of the university. The university owes Rs21.21 million to the federal tax agency. Due to freezing of the bank accounts, there is a possibility of delay in payment of March salaries to university employees.

The FBR has advised the banks having University of Sindh Jamshoro accounts to stop their transactions owing to non-payment of taxes between from the year 2010 to 2016. The accounts are being closed when the salaries and pensions of 2,200 employees of the university are accrued.

Due to the weekly holidays on Saturday and Sunday, the employees will have to face a delay in the payment of salaries. According to sources, the university already owes tens of millions of rupees to various banks, on which it is paying a huge amount in interest every month.

Currently, the funds released by the Sindh HEC and the federal government are also said to be insufficient for the university. Sources added that it may take three to four days to restore the accounts. An attempt was made to talk to PRO Nadir Ali Mugheri on the issue, but he did not respond.