Islam Abad(94 news) Federal Minister of Finance Asad Umar of Tehreek-e-Insaf, the party most opposed to the amnesty scheme, announced the introduction of a new tax amnesty scheme. Suggestions have also been sought in this regard. Addressing the pre-budget meeting and Growth and Equality in Pakistan book launching ceremony in Islamabad, he said that tax amnesty will be brought to disclose domestic and foreign assets, which will be presented before the budget.
He said that the business community is strongly demanding tax amnesty and the features of the tax amnesty scheme are being prepared. Asad Umar said that he is a big supporter of wealth tax and also supports inheritance tax. He said that political instability affects the economy but it does not mean that no criminal should be punished, it is a requirement of the law that if it continues, it will benefit the economy in the long run and not harm.
The Federal Finance Minister said that Pakistan's economy is controlled by elites, powerful classes influence economic decisions. He said that asset amnesty scheme is being demanded by business people, we have asked for suggestions, if the scheme comes, it will come before the budget. He further said that IMF will not have any objection to the scheme.
