ISLAMABAD: Foreign assets can be liquidated and repatriated to Pakistan ifthey are deposited into a bank account or invested in Pakistan BanaoCertificate or in foreign currency denominated bonds under the proposedamnesty scheme of the government, it was learnt on Monday.
Finding no other solution other than allowing the inclusion of grey economyin the tax net for economic revival, the government is all set to introducenew amnesty scheme wherein the suggested rate of tax would range from oneper cent to 15pc, said sources.
According to details, the recently appointed finance adviser Dr AbdulHafeez Shaikh has asked the Federal Board of Revenue to prepare an amendeddraft on the proposed amnesty scheme, which would be presented before thefederal cabinet for final approval.
Read Top Stories
Sources said that the PM’s advisor on finance was against some terms andconditions, tax rate and slabs, which were already suggested in the draftof Asad Umar’s amnesty scheme.
