This brain child of mr. Ishaq will not put pakistan in the same situation, mr. Sartaj put in the past when dollars were frozen officially?
10% (still the offence-style is being devised) on any remittance to pakistan is lot of money from the expats pockets to the corrupt official’s pocket. What would happen to our hard earned money?
Abdul Qayyum, this would be the biggest blunder of the history, even more than freezing FC accounts. Half of country’s foreign income depends upon remittances, even if the tax rate is low, the message will be huge, that is, you can’t trust the government. But before we react to this news, lets check the authenticity.
Oh ok, lets hold our horses... The 10% tax proposed is not on remittances, but on profit (sood) earned in savings accounts. Here is full report by Tribune.
http://tribune.com.pk/story/883319/on-stashed-cash-state-could-impose-10-tax-on-remittances/