More than Rs2.2tr ‘lost to tax evasion’ in two years: FBR

• Senate panel hears chambers’ concerns over taxmen’s arrest powers; officials say fears ‘overblown’
• Committee agrees seeking amendments in Finance Bill so soon after its passage would be imprudent

ISLAMABAD: The government on Thursday reported more than Rs2.2 trillion worth of tax evasion through ‘fake’ and ‘flying’ invoices over the past two fiscal years, highlighting the massive scale of loss of public monies due to weak enforcement.

Testifying before the Senate Standing Committee on Finance and Revenue...