Wednesday, October 21, 2020

FBR hints 50,000 foreign bank accounts owned by Pakistanis

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
Top revenue department Federal Board of Revenue (FBR) of Pakistan unearthed around Fifty thousand foreign bank accounts of Pakistanis across the world, well informed sources disclosed.

The Federal Board of Revenue (FBR) has now decided to launch a crackdown against tax defaulters as data of 50,000 bank accounts being operated by the Pakistanis.

 

According to the well-informed sources, the FBR has initiated first phase of crackdown against the tax defaulters and hoped that more details in this regard to be received soon.

The accounts traced so far were operated in Germany, France, Spain, Italy and other countries, sources unveiled.

 

Furthermore, the FBR has hinted more than 800 properties of Pakistani citizens in Dubai worth Rs 38 billion.

 

The sources within FBR further added that, according to law, the information of the account holders will be kept confidential.

 

It is pertinent to mention that the recommendations of Financial Action Task Force (FATF), Pakistan has taken serious measures to implement AML and terror financing laws, since new government came in power.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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