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Home Islamabad

FBR receives data of 50,000 people having bank accounts abroad

byShahid Minhas
17/01/2019
in Islamabad, Latest News
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ISLAMABAD: Federal Board of Revenue (FBR) has found data of at least 50,000 bank accounts opened abroad in Italy, Spain, France, Germany and other countries.

According to details, this latest development came while investigating the data of tax evaders. More information regarding such people will be revealed soon, said FBR sources.

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The government began to receive the data through the Organization for Economic Cooperation and Development (OECD). All the information about tax evaders will be kept hidden and secret.

The data is related to the people belonging to Karachi, Lahore and Islamabad. In UAE 1365 properties belonging to 537 individuals have been found while 316 people having assets in Dubai have used amnesty scheme.

Moreover, the amnesty scheme has been able to add around Rs1.2 billion to the exchequer. However; in the next 2 years, it would not be possible to have a bank account abroad.

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