Federal Cabinet approves Asset Declaration Scheme

MG News | May 14, 2019 at 09:45 PM GMT+05:00

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May 14, 2019 (MLN): Prime Minister Imran Khan today chaired a meeting of the Federal Cabinet which approved the asset Declaration Scheme, 2019, which gives Pakistani citizens another opportunity to declare and legalize previously undisclosed assets within and outside the country by paying just four percent taxes on all assets other than real estate.

Advisor to Prime Minister Finance, Dr Abdul Hafeez Shaikh, while address a press conference after the approval of the amnesty scheme disclosed that the scheme would be applicable till June 30, and all Pakistan citizens, other than those holding public offices or their dependents, can avail the benefits from it.

Dr. Hafeez Shaikh expounded the objective of the scheme being the revival of dead assets to promote economic growth and not just to generate revenue.

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