Finance Minister Asad Umer has a good news for overseas Pakistanis

Finance Minister Asad Umer has a good news for overseas Pakistanis

ISLAMABAD - Finance Minister Asad Umar has revealed the issuance of bonds and Sukuk for the overseas Pakistanis.

He further said that the first decision of the new cabinet was to form a high powered taskforce to recover unlawful wealth stashed abroad.

In a tweet message, he maintained that those who have stolen public money and hide it abroad is loud and clear.

He visited the finance ministry and held a media talk. Finance Minister Asad Umar asserted that PTI will make revolutionary changes in economy with support of the people.

He stressed tax base will be increased for revenue generation by revamping the FBR.

Finance Minister said the looted wealth of the country will be brought back and people’s money will be spent on people. He noted that all decisions will be made in parliament.

“After approval from the cabinet, bonds and sukuk will be issued for overseas Pakistanis. The task force will present its report in two weeks. No information is yet present regarding the foreign assets of Pakistanis but they have done $8 billion investment in Dubai alone,” he explained.

All the steps can be successful only with the cooperation of people, added Umar.

Asad Umar said the newly elected government will create employment opportunities for youth as part of its election manifesto.

He went on to say that Karachi being the largest city and financial hub of the country is engine of the economy.

Finance Minister said all out resources will be used for generation of revenue. He said our immediate focus will be on giving relief to pensioners and widows.