Asset Declaration Scheme aimed at documenting all fake accounts: Hammad

Asset Declaration Scheme aimed at documenting all fake accounts: Hammad

Minister of State for Revenue Muhammad Hammad Azhar has said the basic objective of Asset Declaration Scheme is not aimed at generating revenue but documenting all fake accounts and unregistered properties.

Talking to a private news channel, he said under the new rules, bogus accounts and unregistered property holders would be awarded seven year imprisonment which would help in making all the accounts and properties documented and registered.