ISLAMABAD – Finance Minister Asad Umar has revealed the issuance of bondsand Sukuk for the overseas Pakistanis.
He further said that the first decision of the new cabinet was to form ahigh powered taskforce to recover unlawful wealth stashed abroad.
In a tweet message, he maintained that those who have stolen public moneyand hide it abroad is loud and clear.
He visited the finance ministry and held a media talk. Finance MinisterAsad Umar asserted that PTI will make revolutionary changes in economy withsupport of the people.
He stressed tax base will be increased for revenue generation by revampingthe FBR.
Finance Minister said the looted wealth of the country will be brought backand people’s money will be spent on people. He noted that all decisionswill be made in parliament.
“After approval from the cabinet, bonds and sukuk will be issued foroverseas Pakistanis. The task force will present its report in two weeks.No information is yet present regarding the foreign assets of Pakistanisbut they have done $8 billion investment in Dubai alone,” he explained.
All the steps can be successful only with the cooperation of people, addedUmar.
Asad Umar said the newly elected government will create employmentopportunities for youth as part of its election manifesto.
He went on to say that Karachi being the largest city and financial hub ofthe country is engine of the economy.
Finance Minister said all out resources will be used for generation ofrevenue. He said our immediate focus will be on giving relief to pensionersand widows.