Senior economist Dr. Ikramul Haq recently made a significant statement regarding the British Virgin Islands and the impending introduction of a new law concerning offshore companies. He emphasized that this new legislation is poised to have a bombshell impact than the Panama Papers scandal. Dr. ...

ISLAMABAD- Minister for Science and Technology Chaudhry Fawad Hussain Monday said former prime minister Nawaz Sharif had made foreign assets and properties through black money.         Talking to a private news channel, he said Nawaz Sharif had always ...

BERN: Switzerland government rings alarm bells for Pakistanis having black money in Swiss banks. In a key development over the issue of the wealth stashed to abroad, the Swiss parliament has approved the automatic exchange of bank data to 18 more countries including Pakistan from year 2021, ...

ISLAMABAD: Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh says tax amnesty scheme will help encourage people to disclose their hidden assets legally by 30th of next month. Addressing a press conference in Islamabad on Tuesday afternoon, he said every Pakistani is eligible to become ...

ISLAMABAD - In a shocking revelation it has surfaced that Rs6,000 billion worth of black money has been whitened through the tax amnesty scheme. By June 30, the FBR was able to collect Rs90 billion and $300 million tax through the amnesty scheme. The major chunk of the money brought into ...

ISLAMABAD: While the tax amnesty scheme has failed to attract repatriation of billions of dollars into the national kitty mainly because of different restrictions and uncertainty on the political front, still Rs6,000 billion worth of black money has been whitened through this scheme. By June 30, ...

ISLAMABAD: Since the general election on July 25, the pace of declarations to whiten domestic and foreign assets has gained momentum considerably in the wake of prime minister-in-waiting Imran Khan’s message in his first speech to launch crackdown against tax evaders, according to a source in ...

ISLAMABAD: More than 2,401 Pakistani nationals, who recently acquired costly properties worth over US$4 billion in Dubai, may get whitened their undeclared assets abroad under the new amnesty scheme, introduced by the Pakistan Muslim League-Nawaz government this week, the News has ...

ISLAMABAD - Prime Minister Shahid Khaqan Abbasi has announced a major tax reforms package envisaging substantial reduction in income tax rates and launching of an amnesty scheme for undeclared assets. Addressing a news conference in Islamabad on Thursday, he said maximum rate of income tax is ...

*ISLAMABAD:* Another tax amnesty scheme is in offing by the federal government despite the fact that five amnesty schemes announced by two elected governments previously failed to yield desired results. The amnesty scheme is aimed to whiten the black money before September 30, 2018, because under ...