Karachi: An amnesty scheme for overseas Pakistanis for bringing back foreign exchange and declaring their properties is to be announced soon, a news source quoted Adviser to the Prime Minister on Finance and Economic Affairs Miftah Ismail. Those availing the amnesty scheme will be given concession in taxes.
The purpose of this amnesty scheme is to encourage overseas Pakistanis to bring money back home and invest in local industries and the development sector to help increase employment opportunities in the country. He also said that will be the last amnesty scheme by the government, which is looking to widen the tax base and reduce the tax rates.
