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916 Govt Officers Hold Dual Nationality, Supreme Court Informed

May 3, 2018 (DESPARDES/PKONWEB) — The number of government officers holding dual nationality has reached 916, of them 487 belonged to federal departments while 232 are working in four provinces, reveals a report submitted in the Supreme Court on Wednesday. Earlier in Marach, the top court was informed that as many as 758 government officials hold dual nationality. The Federal Investigation Agency (FIA) had submitted the report. According to the latest report, of the 758 civil servants holding dual nationality, 611 have declared their dual status while 147 have concealedRead More


7 Pakistani Men on Trial For Dh14 Million Robbery in Dubai

Their original plan was to flee the country within two hours from the robbery with the use of fake passports. April 28, 2018: A driver of a money transportation vehicle and his two friends – all Pakistanis – stood trial at a Dubai court on the charge of stealing more than Dh14 million from his workplace. They are accused of stealing 10 ATM boxes containing over Dh14 million. Four other Pakistanis are accused of aiding and abetting them by helping in the transfer of the huge amounts of cash toRead More


Amnesty: Chasing “Billions of Hidden Assets” Vs. “Trillion Dollar Net Worth Potential” of Overseas Pakistanis

(BE2C2 Report); IRSHAD SALIM — Some 9 million Pakistanis are now abroad and in two different broad categories: Pakistanis working overseas mostly in the Middle East (NICOP card holders), and those who have switched citizenship or hold dual nationality, and are living and working abroad over the years (Pakistani Diaspora holding POC cards). Almost 99 percent of Pakistanis working in GCC countries are NICOP holders and according to our best estimate do not need an amnesty to bring monies back. They regularly remit most of their disposal income with noRead More


Govt Mulls Taxing Foreign Remittances Exceeding US$100,000

(BE2C2) — The Pakistan government is considering imposing tax on foreign remittances exceeding $100,000 a year to plug a hole being used for whitening black money in the country. Under Section 111(4)(a) of the Income Tax Ordinance, the government cannot ask the source of foreign remittance. The Federal Bureau of Revenue (FBR) and the Supreme Court-constituted first three-member committee was of the view that Section 111 is used to whiten illegally-obtained money from Pakistan by declaring the funds to be foreign remittances. Promulgating a presidential ordinance to tax remittances exceedingRead More