Islamabad, Oct 03 (TNS): The Government has decided to continue with restrictions imposed in the Federal Budget on purchase of property and vehicles by non-filers with three exemptions.
Winding up debate on Supplementary Budget proposals in the National Assembly on Wednesday, Finance Minister Asad Umar said overseas Pakistanis and those acquiring property through inheritance would be exempted.
He said those purchasing vehicles of capacity less than 200-CC would also be exempted from this restriction. He said fine would be imposed if someone acquires property or vehicle despite being non-filer.
The Minister said modern technology would be used to expand the tax net and a beginning has been made by issuing notices to 169 big non-filers.
He said second phase of the campaign would also be launched this week and the number of notices would reach to thousands.
The Finance Minister appealed to the well-to-do to pay their due taxes and contribution towards progress of the country. He held out an assurance on behalf of the Prime Minister that the tax money would be utilized judiciously.
Asad Umar clarified that the supplementary budgetary proposals would be effective from first of July this year.
He said all development projects of Balochistan would be completed.
Meanwhile, Opposition Leader in the National Assembly, Shahbaz Sharif has said the PML-N government ended power shortage in the country by adding new electricity to the system.
Responding to Finance Minister Asad Umar’s winding up speech in the House, he said credit goes to former Prime Minister Nawaz Sharif for brining huge Chinese investment under China-Pakistan Economic Corridor.
He said PML-N had saved 160 billion rupees by installing affordable electricity projects.
Former Prime Minister Raja Pervaiz Ashraf said PPP will welcome forensic audit of all power projects.