Govt in contact with Swiss authorities to recover illegal money of Pakistanis


Islamabad: The National Assembly was informed on Friday that the government is in contact with the Switzerland government to recover two hundred billion dollars deposited illegally by Pakistanis in Swiss Banks.

Parliamentary Secretary for Finance Rana Muhammad Afzal Khan told the House during Question Hour that the cabinet has approved a summary to renegotiate the existing Pakistan-Switzerland Tax Treaty.

The renegotiation of this treaty will help identify those Pakistanis who have illegally stashed away their money in the Swiss banks.

Parliamentary Secretary for Finance Rana Afzal Khan said that Federal Board of Revenue is engaged in a campaign to identify persons not depositing taxes.

In this regard, data of people purchasing real estate property in posh areas and incurring heavy amount on utility bills and schools fees is being collected. He said notices have been issued to 92000 potential taxpayers for filing of returns and in response, over 8600 have filed their returns.

Rana Afzal Khan said the government aims to bring one hundred thousand potential taxpayers in the tax net during the current financial year and an additional one hundred thousand in each of the following years.

He said the number of persons filing returns will be increased to 1.3 million from the current eight hundred thousand people.

He said the FBR is making all out efforts to achieve the tax collection target set for the current financial year.

Briefing the House about the government’s fiscal reforms, the Parliamentary Secretary said that the fiscal deficit has been contained at three percent during the first seven months of the current financial year as against fiscal deficit of 4.2 percent in the same period last year.

He said successful launching of Euro Bond and transparent auctioning of 3G/4G licenses are further strengthening government’s efforts for resource mobilization.

Parliamentary Secretary for Interior Marriyum Aurangzeb told the House that security arrangements have been tightened in Islamabad following Sabzi Mandi and F-8 Katchery attacks.

She said Islamabad Police and Rangers have devised a joint security plan under which both the forces are conducting joint patrolling in important areas to curb crimes.

Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad told the House that the Federal Government has paid an amount of 1.5 billion rupees for acquisition of land for establishment of new Balakot city.

He said the Khyber Pakhtunkhwa government has assured the federal government of hurdles in the way of acquisition of land for the project. He said ERRA has the capacity to complete new Balakot city project in eighteen months after the allotment of the land.

Responding to a call attention notice Parliamentary Secretary Marriyum Aurangzeb told the House that a complete monitoring mechanism has been evolved to check the menace of drug abuse.

She said a campaign is also being launched shortly to create awareness against the use of drugs.

Marriyum Aurangzeb said recently three big drug mafias including one in Islamabad have been busted in Islamabad. She said a task force has also been established in Anti-Narcotics Force to purge educational institutions of drug addicts.

She said a complete ban has been imposed on the use of Hookahs in restaurants.

Meanwhile, On a point of order of Shah Mahmood Qureshi, Minister for Railways Khawaja Saad Rafique asked the PTI to present solid proofs before the Courts about rigging in the general elections.

He said only the courts can decide these cases but he still sticks to his demand for establishment of a Fact Finding Committee to investigate the allegations of rigging in constituencies identified by the PTI and the PML-N.

He said despite the passage of eleven months the PTI has not come up with any election reform package. We are ready to sit with the PTI to remove their reservations.

Shah Mahmood Qureshi said his party will hold a peaceful protest in Islamabad on Sunday as it is their democratic and political right to raise voice against the rigging.

The post Govt in contact with Swiss authorities to recover illegal money of Pakistanis appeared first on Pakistan Press International.

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