Federal government has proposed an amnesty scheme to encourage Pakistani citizens with assets and companies abroad to whiten their earnings and siphon profit back to the country.
Though details of the amnesty scheme are yet to be released, initial reports suggest that the scheme will enable Pakistanis to whiten their money without having to reveal the source of their acquisitions or earnings, even if it was earned illegally from within Pakistan.
However, the scheme is yet to be finalised and approved.
The Securities and Exchange Commission of Pakistan (SECP) also supports the proposed amnesty scheme, DawnNews reported.