Banks assure providing details of Benami account holders to FBR

Banks assure providing details of Benami account holders to FBR

ISLAMABAD: The commercial banks have assured the Federal Board of Revenue (FBR) of providing details of Benami account holders for the purpose of broadening of tax base and documentation of economy.

An important meeting was held on Thursday of all chief financial officers with Syed Muhammad Shabbar Zaidi, chairman, FBR.

The CFOs of all commercial banks assured complete cooperation to the FBR chairman in providing details of account holders in order to broaden the tax base.

The participants of commercial banks included Chief Financial Officers of Allied Bank, United Bank, Habib Bank and others.

They assured their full cooperation to the Chairman FBR and welcomed his appointment as Chairman FBR.

The Chairman FBR thanked the Chief Financial Officers.

FBR sources said that the meeting was important related to next review of Financial Action Task Force (FATF) on Pakistan.

It is learnt that huge amount of money laundering was done through Benami bank accounts besides those were also used for tax evasion.

The FBR chairman has already made it clear that the current amnesty scheme is the last opportunity for people having undeclared income and assets.

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