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PM Imran warns tax evaders to declare assets or face action

09:25 AM | 10 Jun, 2019
PM Imran warns tax evaders to declare assets or face action
ISLAMABAD - Prime Minister Imran Khan on Monday asked the tax evaders to declare their financial assets, within the country and abroad, before June 30 or be ready for an indiscriminate action.

The Prime Minister in a televised address to the nation said this government had unprecedented in-depth information about the assets of the citizens including their bank accounts, real estate and benami (in the name of another person) transactions and thus would not spare anyone who does not declare them before June 30.

The government is to present the Budget 2019-20 on Tuesday.

The Prime Minister said the government had bilateral agreements with several countries on information-sharing and also had information received from the intelligence agencies.

He mentioned that in 10 years, the country’s total debt and liabilities rose from Rs six trillion to Rs 30 trillion and regretted that half of the amount collected from tax – Rs two trillion out of Rs four trillion- was being spent on the paying the debts of previous
governments.

Imran Khan said Pakistanis were one of the ‘most charitable nations’ in the world, but they were also the ‘least taxpayers’.

“I appeal to you that come forward as we are able to collect Rs 10 trillion rupees from your contribution,” he told the nation, adding that a passion for the uplift of the country could revive the national economy currently facing challenges.

The Prime Minister called upon the nation to bring reformation within them, register to tax culture and take benefit from the Asset Declaration Scheme to make the country financially stable and strong.

“Benefit yourselves from this scheme and also give benefit to your country by taking it out of the reigns of poverty,” he stressed the nation.

The Assets Declaration Scheme was announced earlier this month by Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh which allows citizens to declare assets including benami accounts and properties to get proper legalization.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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