NBR orders freeze on Asiatic MCL's bank accounts: report

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has instructed all banks and non-bank financial institutions to freeze the accounts of Asiatic Marketing Communications Limited, one of the country's leading advertising firms, according to a recent report by UNB.
Official notices have been sent to senior officials of financial institutions to enforce the directive. As per the UNB report, a senior CIC official confirmed the move, stating, "We've instructed banks and financial institutions to freeze all accounts of Asiatic Marketing Communications Limited. The company is under investigation for suspected tax evasion."
The probe will also assess whether Asiatic holds any undisclosed income or assets beyond what has been declared in its tax records, adds the report.
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