Pakistan News

    Amnesty Scheme 2016 Pakistan Shalwar

  • State executions in Pakistan decreased by 73pc in 2016: Amnesty International

    State executions in Pakistan dropped by 73 per cent in 2016 as compared to the previous year, with over 360 convicts put on death row and more than 87 hanged, rights group Amnesty International said in its latest report released on Tuesday...

    According to the report, Pakistan was joined by Iran, Saudi Arabia and Iraq as one of the countries with the greatest number of state executions in 2016, amounting to 87pc of death sentences...

  • Pakistan, Saudi Arabia devise amnesty scheme to help illegal Pakistanis return without penalty

    Pakistan's consulate general in Jeddah, Saudi Arabia has made arrangements with the Saudi government to assist Pakistanis living in the country without proper documentation to return to the country without a penalty...

    Consul General Shehryar Akbar Khan urged members of the Pakistani community residing in Saudi Arabia without legal documents to take advantage of the amnesty scheme...

  • Only 2,497 file tax returns; amnesty scheme generates Rs240m

    ISLAMABAD: Some 2,497 traders filed returns under the Voluntary Tax Scheme until March 14, 2016, contributing a sum of Rs240 million to the national exchequer since the scheme’s inception one-and-a- half months ago...

    The scheme that targeted to bring in one million traders in the tax net has fallen short on its promises...

  • London flat was declared under 2000 tax amnesty scheme: Imran's lawyer

    Pakistan Tehreek-i-Insaaf (PTI) Chairman Imran Khan, in a statement submitted before the Supreme Court (SC) on Tuesday, has clarified that his London flat was not mentioned in his tax returns but was declared through a tax amnesty scheme in 2000 and subsequently appeared in his election nomination papers for 2002...

    Naeem Bokhari, representing Imran, told the court that to his client's knowledge, foreign income was non-taxable in...

  • No plan to introduce tax amnesty scheme, Senate body told

    ISLAMABAD: The Senate Standing Committee on Finance was informed on Friday that the government had no plan to introduce any tax amnesty scheme for whitening black money as it was against ‘moral grounds and ethics’...

    “The government holds no plan to introduce any fresh tax amnesty scheme for tax evaders or those who hold black money,” federal Finance Secretary Dr Waqar Masood informed the committee...

  • Tax amnesty scheme further delayed

    ISLAMABAD: Approval of new income tax scheme for traders faced another setback in the National Assembly Standing Committee on Finance on Tuesday as warring sides accused each other of playing politics over the Income Tax law...

    The committee, chaired by Qaiser Ahmed Sheikh, faced resistance from Nafisa Shah of PPP, Rashid Godil of MQM and Nasir Khan Khattak of the PTI over the Income Tax Amendment Bill 2016 related to a recent...

  • Senate body gives go-ahead to tax amnesty scheme

    ISLAMABAD: The Senate Committee on Finance on Wednesday approved a government-proposed tax amnesty scheme, and made five recommendations to the original draft including a much-expected proposal to allow senators, MNAs and MPAs to avail the scheme...

    The four-year tax amnesty scheme, which now awaits the National Assembly’s approval, will allow traders to whiten their undeclared profits and gains by paying a nominal tax...

  • NA body okays tax amnesty scheme

    ISLAMABAD: The National Assembly Standing Committee on Finance on Thursday approved the tax amnesty scheme for traders with a majority vote...

    Asad Umar of PTI said that the clear message by the government on this amnesty scheme was that the authorities have failed to bring traders and business community to the tax net...

  • Amnesty scheme deadline extended

    ISLAMABAD: Finance Minister Ishaq Dar has extended the last date of filing of returns under the Voluntary Tax Scheme (VTS) up to April 30, with the hope of bringing in more traders into the tax net...

    Lahore traders are highest in number to have availed the scheme...

  • Amnesty scheme for non-filers needs legal cover

    KARACHI: Tax experts have criticised the Federal Board of Revenue (FBR) for not giving legal cover to a scheme under which non-filers are being asked to file income tax returns without paying penalty...

    This is a sort of amnesty being given by the FBR to those who had not been filing their tax returns, they observed...

  • TIP asks premier to put on hold proposed ‘tax amnesty scheme’

    ISLAMABAD: The Transparency International Pakistan (TIP) has urged Prime Minister Nawaz Sharif not to allow the proposed tax amnesty scheme announced by Finance Minister Ishaq recently because “the move will amount to a ‘Financial NRO (National Reconciliation Ordinance)’ for tax evaders and big tax dodgers”...

    In a letter to the prime minister on Saturday, the TIP feared that “the scheme will discourage the honest, loyal and fully...

  • Govt delays tax amnesty scheme for traders

    ISLAMABAD: The government has delayed an amnesty scheme that will let traders whiten their undeclared assets against a nominal tax payment...

    A well-placed source in the Ministry of Finance told Dawn on Monday that broad contours of the scheme are being finalised, but it needed prior feedback from the International Monetary Fund (IMF)...

  • Deadline extended for tax amnesty scheme till March 31

    ISLAMABAD: Finance Minister Ishaq Dar on Tuesday extended the last date of the Voluntary Tax Compliance Scheme (VTCS) to March 31 in hope of bringing more traders in the tax net...

    “We received 1,000 returns under the amnesty scheme on March 15,” an official of the income tax department told Dawn on condition of anonymity...

  • Govt tables tax amnesty scheme bill in NA

    ISLAMABAD: The government introduced in the National Assembly on Friday a bill seeking implementation of a four-year tax amnesty scheme that proposes to allow traders to whiten their undeclared profits and gains by paying a nominal tax...

    The bill, to be known as Income Tax (Amendment) Bill 2016, was tabled by Finance Minister Ishaq Dar...

  • Tax amnesty scheme

    THE amnesty scheme tabled by the government before parliament deserves serious consideration...

    This is not the same as many other amnesty schemes attempted in the past...

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