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Independent: Govt Unveils Asset Declaration Scheme For Legalizing Undisclosed Assets at 4% Tax
Independent: Govt Unveils Asset Declaration Scheme For Legalizing Undisclosed Assets at 4% Tax
Daily VOICE OF MASSES Simultaneously published from Islamabad, Quetta, Gwadar, Hub, Karachi, ABC Certified
dailyindisb@gmail.com
Vol.X No. 02
Independent
Reg. mails-B / ID-445
Chief Editor: Syed Farooq Shah
Wednesday, 15 May, 2019, Ramazan 09, 1440 A.H.
Islamabad
Pages 4: Rs. 07
Cabinet approves tax amnesty scheme
Govt unveils Asset Declaration
Scheme for legalizing
undisclosed assets at 4% tax
ISLAMABAD (AP P):The
government Tuesday an- Rs 216 bln will be earmarked in
nounced Asset Declaration
Scheme, providing one more next budget to subsidize power
opportunity to all Pakistani citi-
zens to declare and legalize
consumers: Finance Advisor
undisclosed assets inside and dead assets functional to pro- cent to legalize their undis-
outside the country by paying mote economy. closed assets, however added
just four percent taxes on all He said the philosophy be- that in terms of cash, they
assets other than real estate. hind the scheme was to en- would have to deposit their
The scheme would be ap- courage businessmen to par- money in Pakistani banks (in
plicable till June 30, and all Pa- ticipate in the legal economy, local or foreign currency), oth-
kistan citizens, other than those adding it did not intend to in- ISLAMABAD: Adviser to Prime Minister on Finance Abdul Hafeez Sheikh along with Special Assistant to Prime Minister on
holding public offices or their erwise they would have to pay
timidate people.
6 percent to legalize their as-
Information and Broadcasting Dr Firdous Ashiq Awan, Minister of State for Revenue Hammad Azhar, Chairman of Federal Board
dependents, would be able to He said efforts have been of Revenue (FBR) Shabbar Zaidi addressing a press conference
take benefit from it, Advisor to made to make the scheme easy sets.
Abdul Hafeez Shaikh said
Prime Minister Finance, Dr
Abdul Hafeez Shaikh said at a
in understanding as well as
implementing. every Pakistani national was US has not imposed Fake accounts case
press conference while an-
nouncing the scheme after its
formal approval by the federal
He said all assets were in-
cluded in the scheme inside or
outside Pakistan. All assets
eligible to take benefit from
this scheme however, the
scheme would not be appli-
any visa restrictions NAB report establishes
cabinet.
The advisor was accompa-
nied by Special Assistant to the
other than real estate, would
have to pay four percent to get
these legalized.
cable to the public office hold-
ers and their dependents.
on Pakistan: Qureshi Zardari’s role in eight cases
Inviting all such people ISLAMABAD (INP): Foreign US has banned visit visa for ISLAMABAD (Agencies): conducting investigations in petitions seeking pre-arrest
Prime Minister on Information In case of real estate, it who had their undeclared as- Minister Shah Mehmood three officials due to some rea-
and Broadcasting, Dr Firdous would be evaluated at 1.5 on The National Accountability pursuance of the Supreme bail and information in the
sets to take benefit from this Qureshi on Tuesday rejected sons. These include joint sec- Bureau (NAB) on Tuesday Court’s verdict in the fake ac- State vs Hussain Lawai case,
Ashiq Awan, State Minister for FBR value, to bring it to mar- reports of United States impos- retary, additional secretary in-
Revenues, Hammad Azhar scheme, the Advisor said this submitted details of its ongoing counts case wherein it for- two pre-arrest and one post-
ket value he said, citing an ex- ing visa restrictions and said the terior and DG passport. This is
and Federal Board of Revenue ample that if the FBR value of was the last chance as the investigation against former warded the joint investigation arrest bail petition in the
government had already im- US has not imposed any visa restriction is not on Pakistan president Asif Ali Zardari in the team (JIT) report with direc- State vs Muhammad Hussain
Chairman Syed Shabbar Zaidi. any property was Rs1 million, restrictions on Pakistan. and the clarification for this has
The advisor said basic pur- it would be charged at the posed the Benami Law under Islamabad High Court (IHC) tions to investigate and file ref- Syed case, four pre-arrest
Briefing the National As- been given by both the sides.” and established his role in at erences. bail applications in the State
pose of the scheme was not to value of Rs1.5 million. which all such benami prop- sembly Standing Committee on “The foreign ministry will
generate revenue but to docu- He said the Pakistanis erties would be confiscated by least eight cases pertaining to PPP lawmaker Faryal vs Khawaja Abdul Ghani
Foreign Affairs, Qureshi said, only issue that many visas that money laundering through fic- Talpur, Omni Group’s Anwar Majeed case, and four pre-
ment economy and make the abroad could also pay four per- the government. “The US has not imposed any the US does,” Qureshi said. “If titious bank accounts. Majeed and his sons, and arrest and one post-arrest
restrictions. The US embassy the US issues visas for five The development was re- former Pakistan Stock Ex- bail petitions in the State vs
has released a press release in years, then Pakistan will issue vealed in a report submitted by change chairperson Hussain Ejaz Ahmed Khan case. It
this regard.” it for five years as well.” NAB Deputy Prosecutor Gen- Lawai are among others being also listed down another 12
He further said, the US Last month the US had eral Sardar Muzzaffar Ahmed investigated in the case. writ petitions filed in differ-
has detained illegal Pakistanis issued a warning that it may Khan and was also sent to In the report, NAB listed ent courts.
that they want to send back. withhold immigrant and non- Zardari’s defence team. down at least eight cases A total of 35 petitions
“United States is going to de- immigrant visas of Pakistani The former president had where Zardari’s link had been have been filed in the fake
port over seventy illegal Paki- citizens in accordance with its requested the high court to established. According to the accounts case at the moment,
stanis. Pakistan has asked the updated list of rules. seek details of the number of report, at least 22 inquiries the report said.
United States to fulfil legal re- APP adds: Foreign Min- cases again st him. He and three investigations are The bureau, in its report,
quirements about the Paki- ister Makhdoom Shah wanted the details to be pre- underway while three refer- has made it clear that the
stanis being deported.” Mehmood Qureshi Tuesday pared for pre-emptive mea- ences have been filed in the number of inquiries and inves-
“These Pakistanis will re- said the incumbent government sures fearing arrest. fake accounts case. tigation may vary as the
turn to the country via a spe- activated economic diplomacy The anti-graft watchdog is The bureau outlined 11 probe is on-going.
cial charter plane tomorrow,” to attract foreign investment
ISLAMABAD: UN Assistant Secretary General Hao Liang Xu called on the foreign minister said.
Qureshi continued, “The
which would help strengthen-
ing the economy.
President, Awan
Speaker National Assembly Asad Qaiser at Parliament House discuss matters
Shahid Khaqan related to media
Government agrees to hike Federal Cabinet
electricity prices by Rs2.60 appoints Zulfi as Hope PM doesn’t take ISLAMABAD (APP): Special
Assistant to Prime Minister on
Information and Broadcasting
after IMF deal: Sources
PTDC Chairman
ISLAMABAD (APP): The
another u-turn on Dr Firdous Ashiq Awan Tues-
day called on President Dr Arif
ISLAMABAD (Agencies): The government has
agreed to stepwise increase electricity prices by
Federal Cabinet on Tuesday
accorded approval for the ap- amnesty scheme Alvi and discussed matters re-
lated to the media and its sig-
pointment of Sayed Zulfikar Monitoring Desk Shahid Khaqan Abbasi said that nificant role in addressing na-
Rs2.60 per unit after the bailout deal with the Inter- Abbas Bukhari as Chairman of tional and social issues.
ISLAMABAD: Pakistan Mus- time has proved that every
national Monetary Fund (IMF). Pakistan Tourism Development lim League-Nawaz leader PML-N policy is picked up by She said she was en-
The hike in rates will provide relief to the national Corporation (PTDC). Shahid Khaqan Abbasi said on the current government under trusted by the president with
exchequer worth Rs200 billion that are given as sub- According to the notifica- ISLAMABAD: President Dr. Arif Alvi talking to
Tuesday he hopes that Prime PM Imran Khan. the responsibility to resolve the
sidy. The prices are scheduled to be surged in two tion issued here, Special Assis- problems being faced by the Special Assistant to the Prime Minister on Infor-
Minister Imran Khan does not “This is the first time the
phases which will create a new wave of inflation. tant to Prime Minister on Over- take a u-turn on the recently- IMF programme was given a media. Later, talking to offi- mation and Broadcasting Dr. Firdous Ashiq Awan
Further details suggest that Rs1.30 per unit are likely seas Pakistanis and Human approved amnesty scheme. political outlook,” said Abbasi. cial media, Dr Firdous Ashiq who called on him.
Resource Development, Sayed The PML-N leader was ad- Reacting to PML-N leader’s Awan said overall challenges
to be increased from July 1 in first step, and the same
amount again from September 1 in second phase. Zulfikar Abbas Bukhari had
been appointed as PTDC
dressing a press conference,
where he said that in the past
statements, Adviser to PM on
information Firdous Ashiq Awan
of society and resolution of
issues of downtrodden seg-
Declaration of assets step
The price of one unit of electricity will surge to
Rs15.58 from Rs12.98 as per the new tariff. The gov-
Chairman.
“Transparency in PTDC,
PM Imran Khan and Asad
Umar always cast aspersions
said that the PTI government
went to the IMF due to previ-
ments were also discussed
during the meeting.
towards documentation
ernment has also ensured the IMF to reduce its cir-
cular debt, improve distribution and control line
making Pakistan an Interna-
tional brand and strong coordi-
on the scheme but now this
seems fine to them.
ous government’s policies. It is
corruption within these leaders
She said the president had
a vision about the progress and of economy: Dr Firdous
losses and electricity theft. nation with provinces will be Former prime minister which speaks up, she said. prosperity of the country and ISLAMABAD (APP): Special Benevolent Fund and Group
my top priority,” Zulfikar they also discussed image Assistant to Prime Minister on Insurance.
Bukhari said in a statement is- building of Pakistan.
UN Assistant SG calls sued by his ministry soon after
the ratification of the appoint-
Khamenei says
Information and Broadcasting
Dr Firdous Ashiq Awan Tues-
The Special Assistant told
that the cabinet considered the
day said the ordinance on dec- strategy to keep daily use items
on NA Speaker ment proposal. ‘There is not laration of assets would be is- prices in check by curtailing
ISLAMABAD (APP): Na- present on the occasion. Asad Five including going to be any sued by the President as part
of government’s efforts to
role of middlemen through sys-
tem of magistrates and market
tional Assembly Speaker Asad Qaiser remarked that regional
two children, war’ with US document the economy and price committees.
Qaiser Tuesday said robust re- challenges cannot be ad- TEHRAN (AFP/APP): generate taxes from privileged She said media would be
gional cooperation is key to dressed in isolation rather a
tackle endemic poverty and concerted action under the um- two women die Iran’s supreme leader Ayatol-
lah Ali Khamenei said on
sections of society. informed in a briefing about the
She was briefing about de- steps taken by the government
foster inclusive growth within brella of United Nations will in passenger van Tuesday that “there is not cisions of the cabinet, during a to provide cheap and quality
the entire region. prove highly effective. going to be any war” with the press conference here along medicines by bringing reforms
He was speaking to Assis- He also appreciated the gas cylinder blast United States, his official with Advisor to the Prime Min- in Drug Regulatory Authority
tant Secretary General United United Nation for its unwaver- KASHMOR (Online): 5 per- website reported. ister on Finance Dr Abdul of Pakistan (DRAP). The cabi-
Nations Hao Liang Xu and ing support to the government sons have died and 8 have suf- In a speech to state offi- Hafeez Sheikh, Minister of State net was briefed about Con-
Resident Representative of of Pakistan for its social sector fered burn injuries after pas- cials, Khamenei said the show- for Finance Hammad Azhar and sumer Price Index and it was
UNDP Pakistan Ignacio development initiatives. The senger van caught fire near down between the Islamic re- Federal Board of Revenue decided that action would be
Artaza, who called on him here speaker also acknowledged the Kashmor Toll plaza. ISLAMABAD: PML-N leader and former prime public and the United States Chairman Shabbar Zaidi. further intensified against mar-
at Parliament House, a press contributions of UNDP in ren- According to police that, minister Shahid Khaqan Abbasi along with other was a test of resolve rather than Dr Firdous said the cabi- keters and profiteers and avail-
release said. Underlining the dering effective assistance to a passenger van was on the central leaders of party addressing a press confer- a military encounter. net renewed the license of Pa- ability of 19 essential items at
need for joint action, he re- Parliament in various aspects. way from Kandh Kot to ence at National Press Conference . “This face-off is not mili- kistan International Airlines Utility Stores and Saasta ba-
marked that Pakistan is com- He said Pakistanis an ag- Kashmor when van caught fire tary because there is not going (PIA), approved Board of Di- zaars would be ensured. Prime
mitted to promote policy coher-
ence on shared regional con-
ricultural country and its
economy depends on agricul-
due to explosion of gas cylin-
der and as a result 5 persons
Terror wave in to be any war. Neither we nor
them (the US) seek war. They
rectors of Pakistan Tourism
Development Corporation
Minister Imran Khan instructed
Minister of Industry and Chair-
cerns and pressing develop-
ment challenges. Convener
Parliamentary Force on Sus-
ture. Increase in agricultural
commodity production and the
welfare of farmers include the
died including 2 children and 2
women. In preliminary reports Balochistan, a matter know it will not be in their in-
terest,” he said, quoted on the
(PTDC), ratified Pakistan’s
trade agreement with Algeria,
man Utility Stores Corporation
to show zero tolerance to-
the police said that the passen-
tainable Development Goals
(SDGs) Riaz Fatyana was also
primary priorities of the present
government, he added.
ger van caught fire due to gas
cylinder explosion.
of deep concern: Zardari Khamenei.ir website.
Balochistan
approved exemptions for as-
sets belonging to institutions of
wards those involved in price
hikes, she added.
KARACHI (Online): PPP sorrow with the terror act say-
Co-Chairman Asif Ali Zardari ing the wave of terrorism that Three labourers Khadim Rizvi, Qadri get
has denounced Quetta blast has overtaken Balochistan is killed, one
strongly saying the terror
wave in Balochistan is source
matter of grave concern. The
killing of innocent people is a injured in firing bail in terrorism case
of deep concern but unfortu- brutal act. NASIRABAD (APP): Un- LAHORE (Online): The Khan and Justice Asjad Javed
nately government is focus- He held “ unfortunately known armed men gunned Lahore High Court (LHC) on Gharal, granted the bail to both
ing on political victimiza- government has placed its fo- down three labourers and in- Tuesday granted bail to till July 15.
tion. In a statement issued cus on political vendetta. It is jured one other at Goth Nazeer Tehreek-i-Labbaik Pakistan At the last hearing, the
here Tuesday former presi- responsibility of state to en- Ahmed area of Nasirabad dis- chief Khadim Rizvi and former court had rejected an apology
dent expressed sympathy and sure security of the citizens. trict on Tuesday. TLP patron-in-chief Pir Afzal submitted by Qadri over incen-
Senior Superintendent of Qadri in a case lodged against diary remarks made by him
OGDCL discovers gas Police (SSP) Irfan Basheer
said the victims were working
them for launching a violent
protest against the acquittal of
during a protest against the
Supreme Court’s acquittal of
& condensate in Sindh in a local factory when armed
assailants came there, opened
Aasia Bibi from blasphemy
charge. The two firebrand re-
Aasia Bibi. The lawyers from
both sides had completed their
ISLAMABAD (Online): Oil & Gas Development Com- fire at them and fled from the ligious leaders have been arguments before the two-
pany Limited (OGDCL) has discovered Gas and conden- scene. granted bail against surety member bench. Rizvi and
sate oil from its Exploratory cum appraisal Well Mangrio As a result, three workers bonds worth Rs5 million each. Qadri were taken into “protec-
# 01 in Nim Block, located in District Tando Muhammad died on the spot after receiv- Qadri, who had been booked tive custody” by the state dur-
Khan, Sindh. OGDCL has 95% share in the Block and is ing bullet wounds while one under sedition and terrorism ing a crackdown in November
the operator with 5 % share holding of Government Hold- other suffered injuries. charges, had resigned from the 2018 after the TLP announced
ing Private Limited (GHPL). The Structure of Mangrio Police on information TLP on May 1 citing health is- it would observe martyrs’ day
Well # 01 was delineated drilled and tested using OGDCL’s reached the site and shifted the sues and, on the court’s earlier on Nov 25, 2018. The arrests
ISLAMABAD: Chief of Jamiat Ulema-e Islam-Fazl (JUI-F) Maulana Fazal ur in house expertise. The well was drilled down to the depth bodies and injured to nearby directions, issued a public apol- followed weeks after the TLP
Rehman in a group photo with others National Assembly members during his of 2676 Meters. The well has tested 10.44 MMSCFD gas, hospital.The deceased were ogy for his remarks. led three-day protests across
arriving at Islamabad Airport from Umrah, as party leaders hold guns for his 120 BPD condensate through choke size 32/64” at Well- identified as Gangli, Arji and The two-member bench, the country against Aasia
security purpose, government backs security from him. head Flowing Pressure 2085 Psi from Lower Gru B-Sand. Mir Machi. comprising of Justice Qasim Ali Bibi’s acquittal.
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Chief Editor: Syed Farooq Shah, Editor: Syed Rizwan Shah, Printed by: Rohani Art Press, Mohammadi Town, Sohan, Islamabad and Published from 4 Shahzed Plaza Lehtrar Road, Islamabad Ph: 051-2607592, 2607064, 2607047, 0331-8383955 Email: dailyindisb@gmail.com