Finance Adviser Abdul Hafeez Shaikh directs FBR to modify Asset Declaration Scheme

ISLAMABAD - Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has directed FBR to modify and refine the Asset Declaration Scheme making it more attractive and persuasive, the Radio Pakistan reported.

Chairing a meeting to review the Scheme, he said such a scheme will enable to become a part of it as maximum people are currently outside the formal economy.

He also directed to devise a successful communication strategy enabling the people to easily comprehend the contours of the scheme.

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The meeting deliberated upon various aspects of the scheme and emphasized the need to make it more simple and implementable.

The participants gave their inputs and suggested that since the focus of proposed scheme is on documentation of economy, it should be designed to clearly reflect that objective.

The meeting was also attended by Adviser to Prime Minister on Commerce Abdul Razak Dawood, Adviser on Institutional Reforms and Austerity, Dr Ishrat Hussain, Minister of State for Revenue, Muhammad Hammad Azhar, Chairman, FBR and experts of business, accounting and banking sectors.