Asset Declaration Scheme aimed at documenting all fake accounts: Hammad Azhar

MG News | May 16, 2019 at 09:30 AM GMT+05:00

0:00

May 16, 2019: Minister of State for Revenue Muhammad Hammad Azhar has said the basic objective of Asset Declaration Scheme is not aimed at generating revenue but documenting all fake accounts and unregistered properties.

Talking to a private news channel, he said under the new rules, bogus accounts and unregistered property holders would be awarded seven year imprisonment which would help in making all the accounts and properties documented and registered.

Related News

Pakistan, Kyrgyzstan sign 11 MoUs to boost trade, connectivity

MG Morning Breeze: Updates to Skim before Market

PayPak widens footprint but still lags in usage

Name	Price/Vol	%Chg/NChg
KSE100	167,085.58 225.68M	0.48% 802.03
ALLSHR	101,220.72 685.91M	0.47% 477.65
KSE30	50,772.02 134.57M	0.57% 290.16
KMI30	239,923.35 145.03M	0.77% 1831.31
KMIALLSHR	66,042.80 345.76M	0.65% 425.34
BKTi	45,106.39 29.18M	0.06% 24.91
OGTi	33,583.05 26.44M	1.52% 502.39

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,425.00	92,995.00 88,405.00	-3415.00 -3.68%
BRENT CRUDE	63.86	64.09 63.06	0.60 0.95%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	0.10 0.11%
ROTTERDAM COAL MONTHLY	97.25	97.25 97.25	0.05 0.05%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	60.14	60.50 59.42	0.47 0.79%
SUGAR #11 WORLD	14.82	15.02 14.73	-0.06 -0.40%