ISLAMABAD – The FBR has obtained details of 150,000 foreign accounts ownedby Pakistanis, including 400 accounts with over $1 million in them.
Notices are being sent to the 400 account holders and the FBR will besending notices to the owners of the remaining accounts with less than $1million in them soon.
The National Assembly’s Standing Committee on Finance was informed thatthis data is being analysed and taxes will be recovered from these accountholders.
FBR Chairperson Mohammad Jehanzeb Khan said they could not say how muchmoney would be recovered in taxes. It is estimated that the amount couldtouch Rs340 million.
Some people have more than one account, Khan told the standing committee.
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He also briefed the members on number of benami (without name) accounts inthe country. However, when the chairperson said there are 8,000 suchaccounts, a member of the committee, Dr Aisha Ghaus Pasha, countered thatthe number is in the hundreds of thousands and that the FBR’s data wasincomplete.
The FBR will recheck their information and present a briefing to thestanding committee at a later date.
