A. Background: (1) TLQC 3715 of 8.9.26 about Taxes & FED Evasion: Major Operation against Illegal Manufacturing and KC Views & Recommendations (2) Other relevant QCs in Para C.

B. Updated Commentary

Further to KQU 4147 dated 9.4.25, being an important matter, we would inform you about Tax evasion of more than Rs 2 billion revealed in Faisalabad (Attachment 3795.1) in the ensuing paragraph, with emphasis in bold & Underline for quick reading.

2. Investigators have uncovered a large-scale tax evasion scheme in Faisalabad involving manipulated asset records that led to losses exceeding two billion rupees.

3. Timeline and Scope: The Directorate of Intelligence and Investigation found more than 100 cases where asset values originally declared between 2014–2019 were illegally altered during 2025–2026 to reflect inflated values.

4. Method and Impact: Citizens reportedly tampered with past declarations to change asset values, resulting in significant discrepancies and over two billion rupees shortfall to the national treasury.

5. Official Response: Authorities from the Directorate of Intelligence and Investigation and Inland Revenue are pursuing recovery from those involved and expanding data checks, warning that anyone who harmed the national treasury will face consequences.

C. List of Relevant TLQCs samples

(a) TLQC 2413 of 14.7.23 about Tax Evasion in Real Estate, Tobacco, Tyres, Pharma & Tea Sectors

(b) TLQC 3695 of 25.8.26 Exemption Certificates likely Rs 1.1 Trillion Evaded - Senate seeks FIA action against 108 Companies

(c) TLQC 3133 of 22.5.25 about Shops being Sealed for Tax Evasion - Hope that U are Compliant

(d) TLQC 2744 of 20.5.24 about Curbing tax evasion, smuggling, counterfeiting & illegal trade of Trillions

(e) TLQC 2519 of 12.10.23 about Evasion & Government Difficulties in Target achievement

D. Kasbati & Co Views & Recommendations

We hope that not only the Taxpayers but IRIS & FBR Officials who facilitated in tampering will also be caught.

Given the above in para B & C, we expect that similar Operations are likely be done in several cities, in other sectors, areas, etc.

If your business is affected by any such illicit business/tax evasion and you are tax compliant, you can lodge an anonymous complaint in a plain envelope to the Ministry of Finance, etc.  

E. Further Details & Services 

Should you require any clarification or explanations in respect of the above or otherwise, or require Income Tax, Federal & Provincial Sales Tax or Withholding Tax Statement, Advisory, Return Filing or Review services, please feel free to email info.kasbati@professional-excellence.com.

Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

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