*ISLAMABAD: An Adjudicating Authority will start functioning from July 1,2019 (tomorrow), to implement Benami Act, 2017.*
It is to mention here that the Assets Declaration Scheme launched by thegovernment will expire on June 30 (today).
Jameel Ahmed, a retired Pakistan Administrative Service officer, has beennotified as the Chairman of the adjudicating authority. Muhammad TanveerAkhtar and Khaqan Murtaza have been notified as two other members of theauthority.
The Federal Board of Revenue (FBR) has set up administrative structure toimplement Benami Act, 2017 and the adjudicating authority has beenconstituted to take action against Benami holders of bank accounts orproperties with effect from July 1, 2019 (tomorrow).
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Chairman FBR Shabbar Zaidi has said that the taxation authority hasinitiated its work to implement the Benami law.
The government has notified the names of officers for the Benami Zonesestablished under the relevant law. In the preliminary phase three Benamizones have been established.
