Finance Minister Asad Umar Monday said Pakistan’s economy has come out of the ‘crisis phase’, and is now heading towards the sustained stabilisation. “Owing to the government measures, the economy has entered the stabilisation stage after facing severe challenges … this phase will continue for about one and a half year, after which the country […]
benami law
Banking secrecy and benami law
The Finance Minister of Pakistan, while addressing a gathering of State Bank of Pakistan on April 1, 2019, asked banks to share data with Federal Board of Revenue (FBR) for effective implementation of Benami Transactions (Prohibition) Act, 2017. The Government of Pakistan Tehreek-i-Insaf (PTI) recently promulgated long-awaited Benami Transactions (Prohibition) Rules, 2019 to start legal […]