Overview
- The prime minister, who chaired an FBR review on Wednesday, directed immediate legal action against everyone involved in over-invoicing.
- He endorsed the Sukhera committee’s findings and ordered a new panel led by Shahid Khan to name negligent officials for departmental action.
- He instructed that the Financial Monitoring Unit be made fully functional with seats for the Federal Investigation Agency and the Intelligence Bureau.
- Officials said the FBR will link a new Centralised Price Verification portal to banks by the end of June to check inflated import values and deter abuse.
- Authorities reported 13 criminal cases filed since the FBR’s Post Clearance Audit Wing flagged the racket in October 2022, which investigators say ran from 2017 to 2022.