FBR identifies 104 benami properties

In pursuance of the prime minister’s directive, the Federal Board of Revenue’s Anti-Benami Zones have started a countrywide exercise to gather information of benami properties from the provincial revenue/development authorities and the Islamabad Capital Territory (ICT) Administration.

The senior officers of these authorities were briefed on benami laws along with guidelines for identification and reporting of all such properties, said a statement issued by the FBR on Friday.

“The FBR Anti-Benami Directorate is currently investigating 79 beneficial owners of 104 benami properties, out of which 58 are located in Karachi, 18 in Lahore and 28 in Islamabad. Summons have been issued to buyers and sellers of these properties,” it added.

Assets worth Rs4 billion, including bank accounts, shares and land, in 15 cases have already been attached. The reference of one out of the above mentioned 15 cases, involving 7,128 kanals of land worth Rs700 million, is pending for adjudication.

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