ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa told the Public Accounts Committee of the parliament that the United Arab Emirates government had refused to provide any details of Pakistani investors who invested in real estate sectors and purchased lavish properties.
Sources told Customs Today that during the previous meeting, the PAC asked the chairman to seek details of Pakistani investors from UAE. However, Bajwa also told the PAC members that despite his repeated reminders, UAE government has refused to cooperate with Pakistan.
He also informed that Pakistan and United Arab Emirates are signatories of an accord, according to which the UAE government is bound to provide details required by Pakistan. Tariq Bajwa said, “We are only sending them our requests but unable to pressurize them to seek cooperation.”
It is pertinent to mention here that Directorate General Inland Revenue Department Dr Bashir Ullah sent many reminders, seeking details of Pakistani investors but the reply is still pending.
