PM Khan urges Pakistanis to declare assets

World Monday 10/June/2019 13:25 PM
By: Times News Service
PM Khan urges Pakistanis to declare assets

Islamabad: Pakistan's Prime Minister Imran Khan issued a special message calling on all Pakistanis to declare their assets as part of a new government scheme.

In a video, Khan said: "I am appealing to you all today to take part in the scheme (asset declaration scheme) that we have brought, because if don’t pay taxes, we will not be able to raise our country up. We need to change ourselves if we want to be a great country.

"You all have time until June 30 to declare your hidden assets inside the country (Pakistan) and those held abroad. After June 30, you will not get this opportunity," he declared.

The tax amnesty scheme is designed to encourage Pakistanis to declare hidden assets. It all assets inside Pakistan and those held abroad.

Under the scheme, assets within the country and abroad can be legalised after paying a rate of 4 per cent. Those who want to keep their money abroad after legalising it will pay a higher rate of 6 per cent.