Type to search

Islamabad National

Over Rs100 billion deposited to exchequer under amnesty scheme

TP 2 years ago

Islamabad (TP): As the government announced amnesty scheme to whiten the black money on foreign assets ends on Saturday (today), over 600 individuals reportedly filed returns on their assets, depositing over Rs100 billion in the national exchequer, helping the government to shore up its depleting reserves.

Sources in the Federal Board of Revenue told The Punch that the scheme has evoked an unprecedented response from individuals who have paid over Rs100 billion in taxes and more people were in the pipeline to pay taxes on their foreign assets to whiten it and bring back their assets after legalizing it through the amnesty scheme. The government had offered, under the amnesty scheme, to the people having assets in foreign countries to pay taxes ranging from two percent to five percent to decriminalize their chattels.

The amnesty scheme is going to expire on Saturday and the government could not extend the scheme under the terms and conditions.

According the sources in the FBR, a Karachi-based businessman has deposited Rs3.2 billion in taxes on the assets he possesses abroad and a woman from Peshawar, who also has  foreign assets, has paid Rs1.2 billion. Another Karachi-based businessman has deposited Rs267 million on his foreign assets while over 600 people have paid taxes on their undeclared foreign assets.

The sources also said that the final cash deposit is expected to be higher that it was expected as more people were in the pipeline to pay taxes on their undeclared foreign assets to legalize it and transfer it to the country.


  1. oprol evorter December 5, 2019

    This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  2. Hello, recognition you for tidings! I repost in Facebook

  3. PeterVen January 12, 2020

    Hello, recognition you http://cialisxtl.com in judge to low-down! generic cialis available
    viagra online

  4. WayneSwabs January 16, 2020

    Cialis when will cialis go generic cialis for peyronie


Leave a Comment

Your email address will not be published. Required fields are marked *