Pakistan, Oct. 16 -- The Federal Board of Revenue (FBR) has issued notices to at least 24 foreign exchange companies, seeking details of people who procured US dollars from them, reported The News.
The notices have been issued in connection with the flight of dollars during the past couple of years, which resulted in depreciation of the local currency, claimed the report.
Sources quoted in the report said that Corporate Regional Tax Office (CRTO) Karachi issued the notices to obtain information under a section (176 of Income Tax Ordinance 2001).
The FBR is seeking information of particularly those who purchased dollars and remitted them abroad for education, health and travelling purposes.
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