Finance adviser reviews ‘Asset Declaration Scheme’

ISLAMABAD, Apr 23 (APP):The adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh Tuesday chaired a meeting to review the ‘Asset Declaration Scheme’.
The meeting deliberated upon various aspects of the scheme and emphasized the need to make it more simple and implementable,said a press release issued here by Ministry of Finance.
The participants gave their inputs and suggested that since the focus of proposed scheme was on documentation of economy, it should be designed to clearly reflect that objective.
The adviser directed FBR to modify and refine the scheme by making it more attractive and persuasive so as maximum people, who are currently outside the formal economy, were able to become a part of it.
He gave directions to FBR to devise a successful communication strategy enabling the people to easily comprehend the contours of the scheme.
It may be recalled that the Federal Cabinet had directed FBR to carry out consultations with experts of various sectors to make the scheme more inclusive and to reduce its complications.
The meeting was also attended by adviser to Prime Minister on Commerce, Textile, Industry and Production and Investment, Abdul Razak Dawood, adviser on Institutional Reforms and Austerity, Dr. Ishrat Hussain, Minister of State for Revenue, Muhammad Hammad Azhar, Chairman, FBR and experts of business, accounting and banking sectors.