{"id":50785,"date":"2019-03-27T10:24:20","date_gmt":"2019-03-27T05:24:20","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=50785"},"modified":"2019-03-27T11:03:29","modified_gmt":"2019-03-27T06:03:29","slug":"massive-wealth-reportedly-stashed-by-pakistanis-abroad","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/massive-wealth-reportedly-stashed-by-pakistanis-abroad.html","title":{"rendered":"Massive wealth reportedly stashed by Pakistanis abroad"},"content":{"rendered":"

Lahore: The authorities concerned on Monday claimed to have identified at least 152,500 offshore accounts of Pakistanis carrying deposits worth USD 11 billion, a news source reported.<\/p>\n

Read:\u00a0FBR serves tax notices to 1,200 businessmen<\/a><\/p>\n

State Minister for Revenue Hammad Azhad expressed his views on the matter. He was talking to businessmen at the Lahore Chamber of Commerce and Industry (LCCI).<\/p>\n

Reportedly, the foreign account holders are all Pakistani nationals. The minister said that many of these individuals do not have documented businesses.<\/p>\n

Read:\u00a0FBR to send tax notices to 100 influential individuals<\/a><\/p>\n

The Organisation for Economic Cooperation and Development (OECD) recently shared the details of these offshore bank accounts with the Federal Board of Revenue (FBR).<\/p>\n

Minister Hammad said that the National Database and Registration Authority (NADRA), Federal Investigation Agency (FIA), State Bank of Pakistan (SBP), and FBR have collaborated to identify wealthy tax evaders.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lahore: The authorities concerned on Monday claimed to have identified at least 152,500 offshore accounts of Pakistanis carrying deposits worth USD 11 billion, a news source reported. Read:\u00a0FBR serves tax notices to 1,200 businessmen State Minister for Revenue Hammad Azhad expressed his views on the matter. He was talking to businessmen at the Lahore Chamber of Commerce and Industry (LCCI). Reportedly, the foreign account holders are all Pakistani nationals. The minister said that many of these individuals do not have documented businesses. Read:\u00a0FBR to send tax notices to 100 influential individuals The Organisation for Economic Cooperation and Development (OECD) recently shared the details of these offshore bank accounts with the Federal Board of Revenue (FBR). Minister Hammad said that the National Database and Registration Authority (NADRA), Federal Investigation Agency (FIA), State Bank of Pakistan (SBP), and FBR have collaborated to identify wealthy tax evaders.<\/p>\n","protected":false},"author":18,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11078],"persona":[],"class_list":{"0":"post-50785","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-massive-wealth-reportedly-stashed-by-pakistanis-abroad"},"acf":[],"yoast_head":"\nMassive wealth reportedly stashed by Pakistanis abroad - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The authorities concerned on Monday claimed to have identified at least 152,500 offshore accounts of Pakistanis carrying deposits worth USD 11\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/massive-wealth-reportedly-stashed-by-pakistanis-abroad.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Massive wealth reportedly stashed by Pakistanis abroad - 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