PM Shehbaz awards Rs5m to FBR officer for exposing major tax fraud

Prime Minister Shehbaz Sharif has awarded Rs5 million in cash to an Federal Board of Revenue (FBR) officer who uncovered a significant tax fraud attempt.

Senior FBR officer Ijaz Hussain, who identified a fraudulent attempt involving billions in sales tax, met with the prime minister at the PM House, Express News reported.

Acknowledging the officer's integrity, the prime minister announced a Rs5 million reward and presented Ijaz Hussain with an honorary shield. He praised the officer's dedication and emphasised the importance of encouraging such honest individuals.

He added, "Those who evade taxes or aid tax evaders will face strict consequences. Such crimes deprive the poor of their rightful share, and it is imperative to bring these offenders to justice."

The prime minister directed the FBR to conduct a thorough investigation into the attempted fraud and hold the perpetrators accountable with the help of a top legal team.

During the briefing, it was revealed that the fraud involved using the credentials of an 80-year-old woman. The incident was initially detected on March 4, 2024, by Ijaz Hussain. While Rs370 million was initially transferred, recovery efforts are ongoing. The prime suspect in the fraud has been arrested.

The prime minister further instructed that the investigation also identify any FBR officials who might have assisted in the fraud and ensure they face appropriate penalties.

PM Shehbaz calls for intensified crackdown on tax evaders

Prime Minister Shehbaz Sharif on Monday directed authorities to intensify measures against tax evaders, underscoring the importance of accountability in driving economic stability.

Chairing a meeting to review the country’s economic situation, PM Shehbaz was briefed by the Ministry of Finance on recent discussions with an International Monetary Fund (IMF) delegation.

The prime minister said Pakistan is moving towards economic stability, attributing progress to government-led initiatives that have bolstered investor confidence and revitalised the stock market.

He highlighted a sharp decline in inflation, which fell from 38% to 7%, and a reduction in the interest rate from 22% to 15%, fostering business growth and creating new employment opportunities.

“Our economy is stabilising, and we are prioritising public relief,” said PM Shehbaz. “We are taking all necessary steps to fulfil promises made to the people.”

The prime minister also commended Punjab’s leadership for agricultural reforms while announcing a focus on increasing exports and remittances to strengthen foreign exchange reserves.

Calling for stricter action against tax evaders, PM Shehbaz said, “Tax evasion and its enablers will be held accountable. For national progress, everyone must shoulder their share of responsibility.”