FIA uncovers major case of tax evasion worth billions of rupees in oil sector

The Federal Investigation Agency (FIA) Anti-Corruption Circle has exposed a case of alleged tax evasion in the country’s oil sector during the war situation in the Middle East.

According to sources, a petroleum products importing company is accused of tax evasion worth billions of rupees at Terminal One, which sold more than 32,000 tons of high-octane fuel without paying taxes.

The FIA ​​Corporate Crime Circle Karachi has registered a case on June 24, 2026, for allegedly illegal sale of customs-bonded petroleum products and large-scale embezzlement of government revenues.

During the investigation, it was revealed that imported petroleum products, which were stored in customs-bonded warehouses, were being sold and transported without fulfilling legal requirements.

The FIA ​​has alleged that some individuals, through collusion, illegally transported bonded petroleum products to different parts of the country and attempted to hide the actual stock and delivery details by allegedly altering official records.

According to the FIR, the accused include senior officials of Go Petroleum Limited and Terminal One Limited.

FIA officials said that a thorough investigation into the matter is underway and further arrests and legal action are expected in the light of the evidence.

Action has been initiated in the case under the Customs Act 1969, various provisions of the Pakistan Penal Code and anti-corruption laws.