450 Pakistani nationals acknowledge ownership of properties in Dubai

450 Pakistani nationals acknowledge ownership of properties in Dubai

15 views

ISLAMABAD: As many as 450 Pakistani nationals have acknowledged holding properties in Dubai in response to a notice sent by a Supreme Court constituted committee on Thursday, sources informed media.

The committee sent notices to 893 property holders, 443 people have not yet responded to the notices. The property owners’ details have been sent to the Federal Board of Revenue for further probe.

The state will move to take action with the assistance of United Arab Emirates government to confiscate the property in case it doesn’t get the response from the stated owners.

The Supreme Court constituted a commission to ascertain the means and mode of transactions of multi-billion dollars properties abroad.

The FBR will be responsible to take action if the owners are unable to prove their means of income, tax returns and mode of transactions.

About author

Rava Desk

Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *