ISLAMABAD: The government accrued income of Rs57,714 million rupees fromthe Asset Declaration Scheme that was launched to give people anopportunity to declare their undeclared assets by paying a certain amountof tax on it.
“The total income accrued from Asset Declaration Ordinance 2019 is Rs.57,714 million.
However, tax payment of Rs. 8,081 million under the present scheme will bedeposited upto to 30th June, 2020 along with default surcharge,” theMinistry of Finance informed the National Assembly in a written reply onThursday.
However, it clarified that the main purpose of the Asset DeclarationOrdinance 2019 was documentation of Economy. The ministry also clarifiedmisperceptions about the price-hike on basic commodities and informed thehouse that the government was fully cognizant of its responsibility towardsimproving the everyday life of the common man.
It said that the adjustments in prices of different essential commoditiesand services have not been made at the behest of the International MonetaryFund (IMF) or any other institution.
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“The prices reflect market forces and rising international prices in caseof certain commodities,” it added. It said that the government had taken anumber of concrete steps for the uplift of living standards of theunder-privileged segments of society, adding the Ehsaas Programme had beenlaunched to reduce inequality, invest in people and develop backward areasof the country.
Similarly, the government has substantially increased the allocations toBISP to Rs. 180 billion in current year’s budget as compared to last year’sallocation of Rs. 100 billion, it added.
Improved coordination between the Federal and Provincial governments wasalso ensuring that commitment towards social sector spending at provinciallevels was strong, it added.
