Federal government all set to launch new ordinance over 'Benami Properties'

Shares
Federal government all set to launch new ordinance over 'Benami Properties'

*ISLAMABAD - **Federal government is all set to launch new ordinance over 'Benami Properties'.*

*Federal Board of Revenue (FBR) chairman Shabbar Zaidi has said that the government has prepared an ordinance against benami [undisclosed] properties ‘without making any major amendment’ in the legislation.*

Shabbar Zaidi announced that the ordinance against benami properties has been prepared, however, there would be no major amendment in the law but to expedite legal actions.

The chairman said that the economic officials are engaged in dialogues with the ‘technical team’ link of the International Monetary Fund (IMF) arrived in Pakistan.

*IMF technical team had* arrived in Pakistan to hold dialogues with the economic officials for the payment of the next tranche of $6 billion under the extended loan programme.