Avail tax amnesty scheme to avoid troubles in future, PM Imran warns in latest address to Pakistanis

06:43 PM | 21 Jun, 2019
Avail tax amnesty scheme to avoid troubles in future, PM Imran warns in latest address to Pakistanis
ISLAMABAD – Prime Minister Imran Khan has called on citizens to declare assets before the end of this month to take the country out of difficult economic situation.

In a message to the nation broadcast on national TV and radio Saturday evening, PM Imran said the national debt increased from 6000 billion to 30,000 billion in last ten years. Now, half of the tax money is being spent on interest payments of these loans.

The premier said "we are stuck in debt trap and we have reached here due to corruption and tax evasion". "We will tackle the menace of corruption. However, the cooperation of people is needed in tax collection."

Khan said unless public and government do not cooperate with each other, the debt trap will not end. The Prime Minister urged the people to avail the asset declaration scheme in order to take the country out of debt trap.

He added the asset declaration gives people a golden chance to declare their stashed wealth within and abroad, gold and other assets.

The PM said 5500 billion rupees are needed to be collected in taxes for the next year. He said Pakistanis are a generous nation and they have a history of contributing massively in national calamities. He said if the citizens cooperate, a sum of 8000 billion rupees can be collected each year.

Imran Khan said the Federal Board of Revenue (FBR) has complete record of all assets of the people and it is better if the people declare their assets without facing any difficulty.

PM Imran announces high-level commission to probe ... 11:59 PM | 11 Jun, 2019

ISLAMABAD – Prime Minister Imran Khan on Tuesday announced to form a high-level commission to investigate systematic ...

Earlier this month, Khan had in a TV address after the announcement of the national budget announced setting up of a high-powered commission to probe the unprecedented borrowing of Rs 24,000 billion over a period of ten years and to set an example for those who looted this country.

Following the announcement, the federal government constituted the 12-member Commission of Inquiry under Pakistan Commission of Inquiry Act 2017, comprising of senior officers from Inter-Services Intelligence (ISI), Military Intelligence (MI), Intelligence Bureau (IB), Security Exchange Commission of Pakistan (SECP), Auditor General’s Office, Federal Investigation Agency (FIA) and others.