$11 billion traced in accounts of Pakistanis in Foreign Banks

[RangeMaster]

4 Dec, 2018

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ISLAMABAD - The government's Spokesperson on Economic and Energy, Dr Farrukh Saleem says Pakistan had received an information of bank accounts having eleven billion dollars that belonged to Pakistani people.

READ MORE:Pakistan sends a strong message to India over latest controversial tweets
Talking to a private TV channel, he said we have agreements with some twenty six countries to share information of assets or bank accounts belonging to Pakistanis.

To a question regarding Federal Board of Revenue, he said there is need to bring some changes and capacity building in the organization to achieve tax target.

READ MORE:US President Donald Trump written a letter to Pakistani PM Imran Khan
To another question about investment, he said oil companies operating in Abu Dhabi, are showing keen interest in Pakistan.

 

[Kompromat]

Euthanize them.

 

[Crystal-Clear]

Euthanize them.

pfffff

 

[monitor]

4 Dec, 2018

SHARES

• 

ISLAMABAD - The government's Spokesperson on Economic and Energy, Dr Farrukh Saleem says Pakistan had received an information of bank accounts having eleven billion dollars that belonged to Pakistani people.

READ MORE:Pakistan sends a strong message to India over latest controversial tweets
Talking to a private TV channel, he said we have agreements with some twenty six countries to share information of assets or bank accounts belonging to Pakistanis.

To a question regarding Federal Board of Revenue, he said there is need to bring some changes and capacity building in the organization to achieve tax target.

READ MORE:US President Donald Trump written a letter to Pakistani PM Imran Khan
To another question about investment, he said oil companies operating in Abu Dhabi, are showing keen interest in Pakistan.

Imran Khan govt will be remembered if he can bring back those black money.

 

[ali_raza]

Euthanize them.

aqama ones are separate

 

[rashid.sarwar]

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Not a single penny recovered in 2 to 3 years........

 

[El Sidd]

So?

Is it all illegal money?

 

[RangeMaster]

Imran Khan govt will be remembered if he can bring back those black money.

Lets see...!
My expectations are high.

So?

Is it all illegal money?

Non-reported money.

 

[El Sidd]

Non-reported money.

Is there any legislation which requires Pakistani citizens to report their assets to the government?

 

[RangeMaster]

Is there any legislation which requires Pakistani citizens to report their assets to the government?

Clause 452 of the Companies Bill 2017
"Every substantial shareholder or officer of a company incorporated under this act, who is citizen of Pakistan within the meaning of the Citizenship Act, 1951, having shareholding in a foreign company or body corporate shall report to the company his shareholding or any other interest as may be notified by the commission"
http://download1.fbr.gov.pk/Docs/2018491641239293ForeignAssets.pdf

 

[El Sidd]

Clause 452 of the Companies Bill 2017
"Every substantial shareholder or officer of a company incorporated under this act, who is citizen of Pakistan within the meaning of the Citizenship Act, 1951, having shareholding in a foreign company or body corporate shall report to the company his shareholding or any other interest as may be notified by the commission"
http://download1.fbr.gov.pk/Docs/2018491641239293ForeignAssets.pdf

Thanks.

I will look this up in the detail though the in principle, the state should have all the numbers at its disposal on any given time.

 

[Jinn Baba]

Does this money belong to Pakistanis with a Pakistani address? Or includes Pakistani living, working, and earning abroad?

And wasn't the previous figure somewhere around $200 billion?

 

[War Thunder]

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Not a single penny recovered in 2 to 3 years........

Tell me that after 2 -3 years.
Don;t assume with your pessimistic and biased mindset...

 

[Clutch]

So?

Is it all illegal money?

Yes .. all illegal.

 

[VCheng]

Yes .. all illegal.

How has that been proven?