Crackdown against Pakistanis owning assets abroad intensifies

As per a report issued to the Supreme Court on Monday, Pakistani’s own assets and properties worth $150 billion, in the United Arab Emirates (UAE).

A chartered accountancy firm, A. F. Ferguson, submitted this report to the apex court during the trial for a fake accounts case, presided by Chief Justice Mian Saqib Nisar.

According to the Tariq Bajwa, Governor of State Bank of Pakistan, a report against Pakistani nationals holding assets and bank accounts abroad, has been drawn up and submitted to the Federal Board of Revenue (FBR).

FBR chairman Muhammad Jahanzeb informed the judges that FBR has issued notices to 200 such Pakistani’s. He was asked by one of the judges to submit a list of these peoples’ names and copies of the notices issued to them, in the next hearing.

Chief Justice on the other hand, asked the FBR head for the names and details of the people who have acquired assets abroad through money laundering. He further added that the court will deal with them then onwards

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Posted on: 2018-09-04T10:42:00+05:00