NA panel needs to know motion taken in opposition to Pakistanis having property overseas

ISLAMABAD: The Nationwide Meeting’s Standing Committee on Finance on Thursday directed the Federal Board of Income (FBR) to supply particulars of motion taken in opposition to Pakistani nationals having abroad property, reported ARY Information.

The panel, which met with PTI MNA and former finance minister Asad Umar within the chair, directed the FBR to provide you with particulars of motion instituted in opposition to 352 Pakistani nationals having property overseas.

Umar famous that out of Rs4 billion value of restoration notices issued by the tax physique to Pakistani nationals owing abroad property, solely Rs1 billion had been recovered.

The FBR knowledgeable that out of a complete of 352 Pakistanis with property overseas, 192 availed the tax amnesty scheme.

FBR chairman Syed Shabbar Zaidi instructed the committee that the UAE authorities have refused to supply particulars of properties owned by Pakistanis having Iqama (work allow) because the nation treats such folks as its residents.

Earlier, on Oct 11, Zaidi taking to the social networking web site Twitter had detailed the conferences he had with Dubai’s land division previously few days.

He stated that he met officers of the Dubai land division on October 9 and 10; the assembly was a part of the efforts being made to convey clampdown corrupt components that had transferred ill-gotten cash from Pakistan to construct, purchase and spend money on overseas real-estate.

Zaidi introduced that the land officers in Dubai had agreed to relay the required info on a precedence foundation, as fast as attainable.

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