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Diamonds and drones: Pakistan tax unit scans social media for evasion

Business World Philippines

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September 25, 2025

Diamonds, drones, DJs, and databases

Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan’s tax authorities under a new “Lifestyle Monitoring Cell” tasked with scanning social media for lavish spenders, officials said.

A team of 40 investigators from the country’s Federal Board of Revenue (FBR) has started scouring Instagram, TikTok and YouTube posts this week, to match influencers, celebrities, realtors and businesspeople with disproportionate filings.

“It’s open-source — their Instagram accounts are a public declaration,” one senior FBR official said, adding tax evasion cases can be opened up ina matter of hours. The FBR did not respond toa Reuters request for comment.

Business World Philippines से और कहानियाँ

Business World Philippines

PHL still most disaster-prone nation

THE PHILIPPINES kept its title as the world’s most disaster-prone nation fora 2I* straight year, with typhoons and floods battering communities while billions of pesos meant to protect them vanish in graft scandals.

time to read

3 mins

September 25, 2025

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Term deposit yields dip on BSP, Fed easing bets

THE BANGKO SENTRAL ng Pilipinas’ (BSP) term deposits continued to fetch lower yields on Wednesday on bets of further monetary easing here and in the United States.

time to read

3 mins

September 25, 2025

Business World Philippines

Philippines' August budget deficit widens as revenues slip

THE PHILIPPINES’ budget deficit widened in August as revenues fell faster than spending, adding pressure on the government to borrow more and keep within its deficit ceiling.

time to read

1 mins

September 25, 2025

Business World Philippines

Ex-BoJ policymaker Adachi says October hike can’t be ruled out

The Bank of Japan (BoJ) is likely to revise up its economic and inflation forecasts in its next quarterly review, which could pave the way for an interest rate hike in October, the central bank’s former board member Seiji Adachi told Reuters.

time to read

2 mins

September 25, 2025

Business World Philippines

Asialink's loan disbursements to women entrepreneurs hit P525 million

ASIALINK Finance Corp. has released P525.148 million in loans to over 1,000 entrepreneurs under its lending program for women-led businesses, its top official said on Wednesday.

time to read

2 mins

September 25, 2025

Business World Philippines

Trump's visa crackdown may spur US offshoring

US COMPANIES may offshore more technology roles to the Philippines and other low-cost markets as President Donald J. Trump’s revamped visa rules raise costs for bringing in foreign talent, analysts said.

time to read

2 mins

September 25, 2025

Business World Philippines

FNG bets on Japanese-inspired smart living trend in Philippines

FEDERAL Land NRE Global, Inc. (FNG) is banking on the growing demand for smart living with its Japanese-inspired developments in the Philippines, according to a top executive.

time to read

1 min

September 25, 2025

Business World Philippines

AMLC asked to freeze assets of officials, contractors in flood control scandal

THE Department of Public Works and Highways (DPWH) has requested the Anti-Money Laundering Council (AMLC) to freeze the billions of pesos worth of air and vehicle assets belonging to personalities, contractors and agency officials linked to anomalies in flood control projects.

time to read

3 mins

September 25, 2025

Business World Philippines

Opong may intensify into typhoon before making landfall in Bicol

SEVERE TROPICAL Storm Bualoi, locally known as Opong, could intensity into a typhoon before making landfall in the Bicol Region on Friday, according to the state weather bureau.

time to read

2 mins

September 25, 2025

Business World Philippines

Trump wants stake of company in charge of largest lithium mine

THE TRUMP administration is seeking an equity stake of as much as 10% in Lithium Americas as it renegotiates terms of the company’s $2.26-billion Energy department loan for its Thacker Pass lithium project with General Motors (GM), two people familiar with the discussions told Reuters.

time to read

3 mins

September 25, 2025

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