Pakistani PM threatens legal action against tax evaders

Pakistan's Prime Minister Imran Khan, right, listens to Iraq's President Barham Salih during a group picture ahead of Islamic Summit of the Organization of Islamic Cooperation (OIC) in Mecca, Saudi Arabia, early Saturday, June 1, 2019. Muslim leaders from some 57 nations gathered in Islam's holiest city of Mecca late Friday to discuss a breadth of critical issues ranging from a spike in tensions in the Persian Gulf, to Palestinian statehood, the plight of Rohingya refugees and the growing threat of Islamophobia. (AP Photo/Amr Nabil)

ISLAMABAD — Pakistan's prime minister says tax evaders who fail to declare their wealth and pay taxes will face legal action.

Imran Khan delivered his message in a televised speech on Monday, vowing punitive measures for Pakistanis who won't disclose the property they own or the amount of money they keep in banks at home and abroad.

Khan's actions are part of a recently announced program to get tax evaders to mend their ways by June 30. The government is allowing them to legalize their wealth by paying 4% taxes on previously undisclosed assets.

Most high-income earners in Pakistan avoid paying taxes altogether.

Since coming to power in 2018, Khan's government has faced significant economic challenges. Pakistan recently reached a preliminary agreement with the IMF for a $6 billion bailout.

People also read these

Bombers kill at least 6 attending Kabul funeral

Jun 3, 2017

Afghan officials says a trio of suicide bombers in Kabul have killed at least six people attending...

Officials: Afghan children smuggled to Pakistan...

Jul 31, 2017

Afghan officials: Children illegally being taken to religious seminaries in Pakistan to be taught...

On Afghanistan's front lines, US commanders await...

Aug 22, 2017

Deep in the mountains of eastern Afghanistan, where Afghan troops are on the front lines against...

Taliban suicide bomber targets Kabul bank, kills...

Aug 29, 2017

Taliban claim responsibility for suicide bombing in central Kabul near banks, US Embassy, that...

Survey: Afghanistan opium production up by 87...

Nov 15, 2017

Afghan-UN survey shows opium production in Afghanistan up by 87 percent in 2017, compared to all of...

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress