Who Owns Pakistan - Yimg

In the fiscal year 1991-92, Messers Concorod Export House, Quetta and
Charly Enterprise, Quetta, in collusion with official of customs department
registered export of 48 consignments of art silk cloth through Gwader Port
and claimed rebate of Rs 131 million of which 121 million was paid to
them. However, subsequently, it was found that no export had taken place
at all and the export was faked to claim the rebate. A case was registered
against the custom officials and the company which is still pending in court
till 1996. 69 textile mills were found guilty of fraud by trying to obtain
rebates by mis-declaration of quality and description of goods during
January 1990-92.
But the best use or misuse of rebate facility was made by a tobacco company in
late 1980s exporting cigarettes to Afghanistan and claiming rebates on sales tax
and excise duty. Since duties account for 80% of market price of cigarettes,
Finance Ministry found out that one dollar being earned by the company, through
fake exports to Afghanistan was costing Rs 54 to Pakistan govt. Hence rebate
facility on cigarette export was withdrawn. As soon as the federal govt plugged
the misuse of cigarette rebate facility, the same company started importing
cigarettes from its sister concern in Malaysia in Afghan transit trade, with the
connivance of the custom officials.
Richest Individuals of Pakistan
During second Benazir govt, Interior Minister Naseer Ullah Babar and Information
Minister Khalid Ahmad Kharal made it habit to hold press conferences at which
Nawaz Sharif and his House of Ittefaq was portrayed as Pakistan's biggest tax
evader. None of these press conferences was ever attended by chairman CBR
or any other income tax official.
While the two ministers failed to come out with details of any case of tax evasion
registered by CBR against the former prime minister and his family they argued
that members of Sharif family were presumed tax evaders because they pay only
a negligible amount as income tax disproportionate to their lifestyle.
Nawaz Sharif paid Rs 3000 only as income tax in 1993 but this does not make
him a tax evader because there are scores of other rich people, Ahmad Dawood,
Nasim Saigol, Rafiq Habib, Mian Mohammad Mansha, Adamjee and Bawanys
who have legendary wealth but do not income tax proportionate to their
presumed income and lifestyle. Yet no case has ever been registered against
them, evidently because like Nawaz Sharif, they too are making use of the
exemptions, allowances and loopholes in the prevailing tax system.
Any income tax consultant would have told the two ministers that under the
existing tax laws, the amount of wealth tax paid is allowed as deduction from the
total income of the assessing year, and this total income is reduced to the extent
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