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Home Chambers & Associations Trade Associations

Traders ask govt to public actual figure of remittances, money laundering

byCustoms Today Report
30/09/2015
in Trade Associations
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LAHORE: The traders have urged the government to disclose actual data of remittances and money laundering of last 10 years.

All Pakistan Anjuman-e-Tajiran’s Central General Secretary Naeem Mir, in a statement, asked the government to inform the public about money came into the country during the last 10 years, besides releasing the exact figure of corruption amount, transferred abroad through ferries, model girls and other sources and then sent back to Pakistan under the unannounced amnesty of remittances policy.

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He said: “When traders demand any amnesty scheme government hesitates but highly influential elite class, consisting of both opposition and government, have been provided unannounced amnesty to whiten their black money through remittances by spending just two percent of their total capital.”

He said that September 30 is the last date of return filing and FBR should update the taxpayers as to what would be WHT rate on banking transaction after this date. Whether government will continue 0.3% WHT or it would be reverted to 0.6% after the end of September. The FBR is also bound to apprise the taxpayers that how much non-filers have been turned out to be filers in three months (July-September 2015) after implementation of WHT on banks transactions.

Naeem Mir said that APAT central committee and other groups of traders will decide the next strategy of protests and strikes in a meeting of October 01. He said that the whole nation is being defrauded in the name of workers’ remittances being sent from abroad which cannot be questioned under the income tax rules section 111 (4) of the IT Ordinance.

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