Govt tightens the noose on Pakistanis with properties abroad

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ISLAMABADThe government has decided to send notices to 300-400 Pakistanis holding properties abroad.

According to sources, out of the 2,700 overseas Pakistanis with assets abroad, the government has decided to serve notices to 300-400 in the initial phase.

This was decided in a meeting of officials from the Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP), National Accountability Bureau (NAB) and Federal Investigation Agency (FIA), sources privy to the development revealed on Friday.

The notices will be served to those overseas Pakistani holding six or more properties registered with their names.

The sources said action would be taken against the investors who failed to prove their sources of income, taxes they paid and evidence of transfer of money through legal ways.

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