Undeclared assets: PM Imran Khan raises the alarm bells

Undeclared assets: PM Imran Khan raises the alarm bells
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ISLAMABAD: Prime Minister Imran Khan Monday said that the government would not extend the deadline of the tax amnesty scheme ending on June 30, 2019 and appealed to the people to declare their assets or face confiscation and punishment.

Talking to the Geo News’ special program “Pakistan Kay Liye Kar Dalo”, the prime minister said the government had collected unprecedented data that had never been done by any government in the past.

He said the incumbent government had also promulgated law on benami bank accounts and properties which provided for the confiscation of undeclared assets besides punishment.

“The worst diseases including cancer, diabetes and heart ailments are caused by mental stress. In the coming days, we will be compelled to collect taxes from the people and punish the tax evaders. We have to confiscate your undeclared assets. Make your life easy…This is golden opportunity for you to steer us (the country out of economic crisis) as well as save yourself from difficult time in future,” he advised.

He said Pakistan currently stood at the crossroads of do or die. The country was among the lowest tax payers nations and half of the collected tax went to the repayment of the interest on foreign loans.

He said the country had no other option but either to become a tax-paying civilized nation or face the consequence. The prime minister said that the country’s economic condition had reached to that extent just due to corruption and non-payment of taxes.

He assured the people that the government would spend the tax-money for their welfare, and not for the luxury of the ruling class as had been practiced in the past. The prime minister told the nation that the government had already reduced its expenditures by slashing the budgets of the PM House, Pakistan Army, besides 10 percent cut in the ministers’ salaries.

He said even he did not make any foreign visit until it was beneficial for the country. He said he was also invited to London for the cricket world cup event but he did not go there.

To a question, the prime minister said he had directed his team to establish a special helpline to receive complaints against any harassment by Federal Board of Revenue (FBR). Even the complainants would also be able to access him (the prime minister) through the online citizen portal.

He resolved that he and Chairman FBR Shabbar Zaidi had committed to reform the FBR to eliminate its fear among the people.

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