ISLAMABAD: The tall claims of present ruling party for bringing back looted money into the kitty are fading away as the PTI government is introducing a tax amnesty for looter and plunderers.
Finance Minister Asad Umar on Tuesday confirmed that the PTI government is going to announce new tax amnesty for undeclared foreign and domestic assets.
Media reports quoting Umar said that business community was demanding the government to introduce such scheme.
During the last government of PML-N an amnesty was introduced for undeclared foreign and domestic assets, which was remained available for two months i.e. June and July 2018. This amnesty resulted in tax money of Rs120 billion.
At that time it was said by the then government that the business community had demanded the amnesty for the last time.
The PTI government which had come into the power with pledges to bring back looted money is taking U-turn in this matter as Asad Umar defended the tax evaders that should they declare their money in jail.
Asad Umar said that the government was planning to introduce the amnesty scheme before the budget, which was scheduled next month.