$30b treasure trove useless - News Summed Up
$30b treasure trove useless

$30b treasure trove useless

May 10, 2022 12:05 UTC

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$30b treasure trove useless


photo: filePakistan received $35 billion worth of information from the Organisation for Economic Cooperation and Development (OECD) and nearly $30 billion treasure trove turned out to be not actionable amid complaints of misuse of data by the taxmen. After the start of the exchange of information by the OECD in 2018, Pakistani authorities received $35 billion worth of information, said the sources. Former prime minister Imran Khan had promised to recover $200 billion worth of looted money. Under the OECD protocols, the OECD information can only be used for the recovery of due taxes. In 2018, the FBR had received around $9 billion worth of information but the actionable information was just $1.6 billion.


Source: The Express Tribune May 10, 2022 12:05 UTC



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