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Govt Has Traced Properties of Pakistanis in Dubai: Asad

Karachi (November 10, 2018): Finance Minister Asad Umar has expressed government’s resolve to improve tax collection machinery.

In a meeting with industrialists at Overseas Chamber of Commerce in Karachi on Saturday, he said that FATF is serious issue and there is hope of progress in January next year on the issue.

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He said Hundi and other illegal methods of bringing money have caused immense damage to the country.

Federal Minister claimed to have traced 4000 illegal properties of Pakistanis in Dubai.

He said there are assets of four thousand Pakistanis in Dubai, while ninety seven thousand Pakistani also possess properties in other countries of the world as well.The minister revealed that the authorities have also detected 95000 bank accounts of Pakistanis in 27 different countries.

Taking step to improve the economy of the country, he added.Earlier, Chief Justice of Pakistan (CJP) Mian Saqib Nisar had summoned 20 Pakistanis for having illegal properties abroad after Federal Investigation Agency (FIA) submitted report revealing that 894 Pakistanis possess assets in foreign states.

Supreme Court (SC) was also informed that Pakistanis including 25 politicians own up to $150 billion worth of properties and money in bank accounts in United Arab Emirates (UAE).

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