SIALKOT

The Federal Board of Revenue (FBR) issued the orders for conduct of special audit of 5,535 industrial units thereby irritating the industrialists and exporters in Sialkot and Gujranwala divisions.

Out of these industrial units, 165 belong to corporate class and 5,370 to non-corporate class. According to FBR officials, the tax returns submitted before FBR by the owners of these industrial units would be re-scrutinised to detect any concealing of the facts by them.

The FBR officials added that the FBR had selected 60,500 industrial units across the country including 2,610 in Sialkot region comprising Sialkot, Narowal and Gujrat districts and 2,925 in Gujranwala region comprising Gujranwala, Mandi Bahauddin and Hafizabad districts for their special audit through a special computerised draw recently held at the FBR Headquarters in Islamabad.

It has also established 11 special auditing teams for Sialkot region and 13 for Gujranwala region. Each team has been given 350 cases for special audit of such units. These teams started the process of audit by checking every voucher and bill of these selected industrial units in a bid to detect any tax evasion and any non-declaration of assets while submitting tax returns.

Meanwhile, the owners of the industrial units have expressed grave concern over the special audit of their industrial units by the FBR.

N vows to knock out LB opponents:The PML-N will make a clean sweep in the third phase of the local bodies polls in Sialkot district, as it has “won the hearts of the people by fulfilling its promises gradually”, the ruling party lawmakers here claimed.

Addressing a corner meeting as a part of election campaign in village Malliyaanwala-Daska, they added that their party enjoying huge political mandate of the masses. MNAs Sahibzada Iftikharul Hassan and Armughan Subhani.

They said that Pakistan was making progress by leaps and bounds under the leadership of Prime Minister Nawaz Sharif, adding that the government had put the country on the road to economic stability. They said that only PM Sharif had full capability to pull the country out of all the crises.

Iftikharul Hassan said that the symbol of tiger had become the guarantee of national prosperity, unity, integrity and solemnity. Subhani said that the night of December 05,2015 would bring the “good” news of the victory of the PML-N in the third phase of the LG polls.