*KARACHI: A **Huge amount of US $120 billion transfered to foreigncountries from Pakistan, **Chairman Federal Board of Revenue (FBR) ShabbarZaidi has revealed.*
*Zaidi on Wednesday said that the time has come for us now to stand on ourfeet.*
The FBR chairman was talking to newsmen after addressing convention of theManagement Association of Pakistan (MAP) in Karachi.
Zaidi said that the work has started now in an organized manner and in acorrect direction.
An staggering amount of 120 billion dollars was illegally transferred toforeign countries from Pakistan, he said.
Talking on facilitation to taxpayers, FBR chairman said that the taxpayersshould be given facility of the cash transfer. Taxpayers can also openforeign currency accounts, he said.
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Replying a question he said that the number of income tax filers hascrossed the limit of 2.5 million.
He said the taxation authority will make the process of filing tax returnsfurther easier in coming days. Sales tax return has now been restricted toone page, Zaidi said. He said implementation of the National Identity Card(NIC) condition is suspended till September.
Responding a question Zaidi said that tracing benami assets is not aneasier task, the prime minister has issued strict orders for it, he said.
