The Federal Board of Revenue froze the bank accounts of the KESC due to non-payment of taxes.
According to the spokesperson for the Karachi Electric Supply Corporation, the FBR froze the KESC bank accounts for not paying taxes worth Rs 150 million.
The spokesman said that the FBR owed Rs 1.60 billion of sales tax to the KESC.
The KESC authorities say that the account freezing was an ex parte action. The KESC will have to face trouble in buying furnace oil and running other administrative affairs due to the FBR’s action.
