ISLAMABAD: An investment exhibition, inviting the crème de la crème of society to put their money in real estate opportunities in the Middle East, does not sound like the kind of place the government may want to raid. But the Federal Board of Revenue (FBR) – which has been worried by the flight of untaxed capital from the country for quite some time now – is no longer taking any chances. In a raid conducted last week, a team from the FBR’s Directorate of Intelligence and Investigation (I&I) for inland revenue confiscated laptops, iPads, tablets and cellphones from representatives of the real estate development firm hosting the exhibition. The firm’s staff led by a Kenyan national were...
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