Thursday , April 2 2020

FBR traces 50,000 foreign bank accounts owned by Pakistanis

Islamabad: The Federal Board of Revenue (FBR) has decided to launch a crackdown as data of 50,000 bank accounts being operated by the Pakistanis around the world, has been traced out.

Well-informed sources, said that Federal Board of Revenue has decide to launch a crackdown against tax-defaulters and the information about bank accounts have been traced and actions in this regard will be taken in upcoming days.

“The accounts traced so far were being operated in Spain, Italy, France, Germany and other countries and bulk of them were held by the people of Karachi, Lahore and Islamabad,” the sources informed.

FBR sources informed that according to law, the information of account holders will be kept secret.

The FBR has traced 867 properties of Pakistani nationals in Dubai worth rupees 38 billion and around 50,000 bank accounts being operated by Pakistanis worldwide also hold billion of dollars.

“316 people have so far regularized their properties through amnesty scheme by paying tax of rupees 1.2 bn,” sources revealed.

Minister of State for Revenue Hammad Azhar told that Percentage of taxpayers have increased by 30 per cent during a year, and so far 1,400,000 taxpayers had filed their taxes.


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