Lahore: The authorities concerned on Monday claimed to have identified at least 152,500 offshore accounts of Pakistanis carrying deposits worth USD 11 billion, a news source reported.
State Minister for Revenue Hammad Azhad expressed his views on the matter. He was talking to businessmen at the Lahore Chamber of Commerce and Industry (LCCI).
Reportedly, the foreign account holders are all Pakistani nationals. The minister said that many of these individuals do not have documented businesses.
The Organisation for Economic Cooperation and Development (OECD) recently shared the details of these offshore bank accounts with the Federal Board of Revenue (FBR).
Minister Hammad said that the National Database and Registration Authority (NADRA), Federal Investigation Agency (FIA), State Bank of Pakistan (SBP), and FBR have collaborated to identify wealthy tax evaders.
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