News

FBR reportedly seals Jazz’s head office in Islamabad for non-payment of tax

The Federal Board of Revenue (FBR) has reportedly sealed the head office of one of the top telecom operators i.e. Jazz in Pakistan. The office was sealed due to unpaid tax amounting to PKR 25 billion. That is a very large amount even for a telco.

The head office located in F-8 Islamabad was sealed today over non-payment. The order to seal the premises was given under the income tax ordinance 2001 with Section 48 of the Sales Tax Act.

Sealing the premises came as a shock to many as this has never happened before with a company of such scale. The deal on the non-payment was being negotiated so the sealing was a surprise for Jazz as well.


Jazz has also issued a statement in response to the office being sealed:

Jazz is a law-abiding and responsible corporate citizen. Our contribution to Pakistan’s economy over the past 25 years is significant. We have received a notice from FBR this afternoon. Jazz has made tax submissions based on legal interpretations of the tax owed. We will review and take measures under our legal obligations and will collaborate with all *concerned* institutions for an early resolution of this issue.”

Sponsored
Talha Ikram

Leave a Comment
Share
Published by
Talha Ikram

Recent Posts

China’s Tencent Releases Large Language Model, Opens it For Enterprise Use

Capable of conversing in both Chinese and English, Tencent’s large language model ‘Hunyuan’ is claimed…

8 months ago

Apple Reportedly Spending ‘Million of Dollars Each Day’ for AI Training

Working on multiple AI models, Apple has allocated several teams who are working on artificial…

8 months ago

World’s Largest Wind Turbine Breaks Record For Power Generated In A Single Day-During A Typhoon

The world's largest offshore wind turbine has achieved a milestone by setting a new record…

8 months ago

YouTube Will Let You Play Mini Games Soon

YouTube is stepping into the world of gaming. YouTube has started testing out its gaming…

8 months ago

Pakistani Student Won First Position In Matric Exams of UAE

In a remarkable academic achievement, Abdullah Zaman, a Pakistani student hailing from Attock, has clinched…

8 months ago

‘Flying Bum’ World’s largest Aircraft Is Ready To Launch In 2026 With Hybrid Technology

Flying Bum, the world's largest aircraft is ready to launch in 2026. The Airlander 10…

8 months ago