KARACHI: Finance Minister Asad Umar on Saturday has said that Pakistan will receive an amount of one billion dollars from Saudi Arabia within a couple of days.
He stated this while talking to media men after attending a meeting with industrialists at Overseas Chamber of Commerce in Karachi on Saturday.
He said tax courts are being established for speedy trial of tax cases as the case regarding 1300 billion rupees tax are currently under trial in courts.
The finance minister underscored that Financial Action Task Force (FATF) is serious issue and there is hope of progress in January next year in the issue. He stressed on the need for improving tax collecting machinery.
The Minister said Hundi and other illegal methods of bringing money have caused immense damage to the economy of the country.
He said there are assets of four thousand Pakistanis in Dubai, while ninety-seven thousand Pakistanis also possess properties in other countries of the world as well.
