Pakistan, June 29 -- A recent audit report has revealed a shocking Rs662.7 billion loss in Pakistan's tax system during the 2023-24 fiscal year. The Auditor General of Pakistan released these findings in its latest audit report. This huge gap has raised serious questions about the performance of the Federal Board of Revenue (FBR). The report highlights major weaknesses in income tax, sales tax, federal excise, and customs collection.

The income tax department alone faced losses of Rs457 billion due to several key issues. Super tax worth Rs167.9 billion remains uncollected due to legal delays. In addition, field officers approved questionable deductions, causing a Rs149.6 billion loss. Other problems include unpaid demands of Rs62.3 billi...