The statement came a day after the Executive Board of the IMF approved a $6 billion bailout package for Pakistan and immediately released $1 billion to ease the pressure on the country’s foreign exchange reserves. He hoped to receive more funds from the bank. On the government’s recently-concluded amnesty scheme, the PM’s aide said a record 137,000 people declared their assets and deposited taxes worth Rs70 billion under the Asset Declaration Scheme. “This is the highest number of beneficiaries in a single scheme in Pakistan’s history, which makes it unique to other schemes in which people declared assets worth over Rs3,000 billion,” he added. He had said that the purpose of the Assets declaration Scheme was not revenue generation; “it rather focuses more on the documentation of the economy”.

Source: Pakistan Today July 04, 2019 10:20 UTC