KARACHI: The governor of State Bank of Pakistan (SBP), Ashraf Mahmood Wathra on Monday said that there was no question to be asked on remittance inflows into Pakistan.
He was addressing at a meeting with members of Karachi Chamber of Commerce and Industry (KCCI). On a question raised by Siraj Kassam Teli, Chairman, Businessmen Group (BMG) regarding amnesty scheme for whitening the money held abroad, the governor said that there was permanent incentive for inflows into Pakistan.
He said that untaxed money was serious issue. He also pointed out that a scheme to whiten money held abroad introduced by Indonesia was successful due to their documentation and strong database. But Pakistan has no such database, he added.
He, however, said that with the implementation of OECD agreements Pakistan would able to access information of such wealth from year 2018.
