Karachi, June 18, 2019 (PPI-OT): On the instructions of Chairman FBR Mr. Shabbar Zaidi, FBR officials have started awareness campaign in Karachi. In this regard Mr. Maqsood Jehangir, Commissioner IR, Large Tax Paying Units (LTU) and Mr. Kashif Hafeez (Addl. CIR, Zone 6, CRTO, Karachi) visited SITE Association of Industry which was attended by Executive Committee and large number of industrialists.
Mr. Kashif Hafeez gave detailed presentation about Asset Declaration Ordinance 2019 wherein he highlighted the incentives announced by the government that anyone under this scheme can declare their un-declared assets (immovable and moveable) and in this regard all FBR officials would help the business community.
Commissioner informed that under this scheme all information would be kept secret to safeguard the concerns of business community. He informed that government has received detailed financial information from 26 countries and now it is impossible to hide moveable and immoveable assets. Therefore FBR is encouraging all stakeholders to declare their un-disclosed assets obtained before 30th June 2018.
Saleem Parekh appreciated the presentation and insight knowledge of Commissioner. He said that Commissioner has responded each and every question of the industrialists with clarity which shows his authoritativeness on the subject. He also appreciated the efforts of government to document the economy and extended his full support on behalf of members of SITE Association of Industry in this regard.
He again emphasized that all the information disclosed must be kept in secret and should not be shared with any other department. He added that this scheme would be successful if no questions are asked with regard to the transactions.
For more information, contact:
Secretary General,
S.I.T.E. Association of Industry
H-16, Textile Avenue, SITE, Karachi, Pakistan
Tel: +92-21-32562883, +92-21-32560705
Fax: +92-21-32560704
E-mail: site@site-association.org
Website: www.site-association.org