FBR lists 400 Pakistanis with investments in UAE real estate

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karachi: The Federal Board of Revenue (FBR) is listed in the list of 400 Pakistani with UAE assets, sources say to George News on Wednesday after the financial moderator announced the inquiry on the matter.
The Geo News reported the article on February 6, 2018, where it reported that Pakistani people bought luxury residences, flats, and heritage in the 12 main emirates of the Emirati.
Most of these people did not mention these buildings at their return year and were allegedly exporting their property abroad to avoid being caught in Pakistan's huge attack on this invisible fund.
More than 7,000 Pakistani sells buildings worth Rs1.1 trillion in Dubai
Finance Minister Huron Akhtar announced that the investigation was postponed by Ge News.
According to FBR sources, some 100 businesses listed on FBR are Karachi, while others are from other parts of the country.
These funds include both filters and non-files, who have served notifications to describe their investment options, sources said. The non-filers contemplated in the list are also asked to install salary taxes five years ago.
The sources say that those people will be asked to submit an affidavit if they refuse to make money.
Information, however, will be shared with the Dubai government, sources have been added.

It is worth noting here that Pakistan and Darbar have signed a double-tied agreement, depositing money in Dubai to show rich tax statements in Pakistan.

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