{"id":57360,"date":"2019-11-08T12:15:21","date_gmt":"2019-11-08T07:15:21","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57360"},"modified":"2019-11-08T17:49:22","modified_gmt":"2019-11-08T12:49:22","slug":"fbr-chief-says-money-remitted-property-purchased-abroad-legal","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-chief-says-money-remitted-property-purchased-abroad-legal.html","title":{"rendered":"FBR chief says money remitted, property purchased abroad legal"},"content":{"rendered":"<p>Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that wealth transferred to offshore accounts as well as properties purchased abroad cannot be declared illegal as the owners of these assets enjoy legal protection provided to them under the Foreign Currency Accounts Ordinance 2001, according to news sources.<\/p>\n<p>He expressed his views on the matter during a meeting of the National Assembly Standing Committee on Finance and Revenue, which was presided over by former finance minister <a href=\"https:\/\/www.zameen.com\/news\/legal-opinion-amnesty-scheme-sought.html\" target=\"_blank\" rel=\"noopener noreferrer\">Asad Umar<\/a>, held at the Parliament House on Thursday.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-asks-foreign-ministrys-assistance-with-amnesty-scheme.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR asks Foreign Ministry&#8217;s assistance with amnesty scheme<\/a><\/p>\n<p>The participants, including representatives from the State Bank of Pakistan, sought further clarification over the legality of the money sent abroad. Umar remarked that Pakistan recently made progress on the \u2018Risk Assessment Framework Preparation\u2019 and maintained its commitment regarding the placement of an effective regulatory regime to ensure justice.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/pkr-5-mn-restriction-removed-non-filer-property-buyers.html\" target=\"_blank\" rel=\"noopener noreferrer\">PKR 5 mn restriction removed for non-filer property buyers<\/a><\/p>\n<p>Previously, the FBR had reported on its receipt of PKR 5 billion from 325 Pakistanis expatriates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that wealth transferred to offshore accounts as well as properties purchased abroad cannot be declared illegal as the owners of these assets enjoy legal protection provided to them under the Foreign Currency Accounts Ordinance 2001, according to news sources. He expressed his views on the matter during a meeting of the National Assembly Standing Committee on Finance and Revenue, which was presided over by former finance minister Asad Umar, held at the Parliament House on Thursday. Read:\u00a0FBR asks Foreign Ministry&#8217;s assistance with amnesty scheme The participants, including representatives from the State Bank of Pakistan, sought further clarification over the legality of the money sent abroad. Umar remarked that Pakistan recently made progress on the \u2018Risk Assessment Framework Preparation\u2019 and maintained its commitment regarding the placement of an effective regulatory regime to ensure justice. Read:\u00a0PKR 5 mn restriction removed for non-filer property buyers Previously, the FBR had reported on its receipt of PKR 5 billion from 325 Pakistanis expatriates.<\/p>\n","protected":false},"author":75,"featured_media":57408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13858],"persona":[],"class_list":{"0":"post-57360","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-fbr-chief-says-money-remitted-property-purchased-abroad-legal"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR chief says money remitted, property purchased abroad legal - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that wealth transferred to offshore accounts as well as properties purchased\" \/>\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\/fbr-chief-says-money-remitted-property-purchased-abroad-legal.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR chief says money remitted, property purchased abroad legal - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that wealth transferred to offshore accounts as well as properties purchased\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-chief-says-money-remitted-property-purchased-abroad-legal.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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