PTI’s Asset Declaration Scheme fetches $60 million in taxes

ISLAMABAD: PTI’s Amnesty Scheme attracted only $60 million in shape of taxes for whitening of foreign assets/ income.

Amnesty scheme, which was introduced during the last PML-N-led regime in 2018, had fetched $436 million.

The latest amnesty scheme obtained 125,000 declarations and so far deposited tax amount was standing at Rs57.6 billion. This scheme could be simply described as source of whitening of immoveable property as major chunk used this scheme to regularise/ whiten their income invested in real estate.

Earlier, the government had given a number of declarations up to 137,000 but now the FBR found that there were duplications in submission of declarations so the latest number of submitted declarations stood at 125,000.

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