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(Monitoring Desk) The federal government has implemented another IMF condition after which 17 to 22 government officials have been presented to banks to track down government officials allegedly involved in corruption and money laundering. . granting conditional access to details of known assets.
In this regard, the Federal Board of Revenue has also issued a notification that, under the aforementioned regulations, banks are required to obtain details of asset declarations submitted to the FBI by government employees through the Consumer Credit Act. , 1973. It is necessary to ensure the fulfillment of obligations.
These rules, enforced by the FBI, apply to the sharing of information with banking companies under subsection 7 of part two of the Income Tax Act, and these rules apply to information relating to government employees in classes 17 through 22. (sharing) will be for limited purposes.
These regulations state that, upon request of banking companies and banks, they have been submitted to the FBI by government officials based on areas agreed with the Federal Board of Revenue and the State Bank of Pakistan.