Possession of Benami assets to result in seizure of bank accounts, assets and seven years jail term: Whiten black money by June 30

Adviser to PM on Finance Dr. Abdul Hafeez Shaikh has said that FBR is estimated to collect PKR 170Bn with the help of the latest tax amnesty scheme, and the govt. is expected to fetch PKR 300Bn into kitty with this scheme. Now possession of Benami income or assets entails seizure of bank accounts and assets and imprisonment of 7 years.

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