FBR Proposing Amendments To Benami Laws

ISLAMABAD: The Federal Board of Revenue (FBR) is proposing amendments in the Benami Transactions (Prohibition) Act, 2017 and Benami Transactions (Prohibition) Rules, 2019 to seek powers to dispose of immovable and movable Benami properties for expediting disposal process.

the FBR Chairman, Dr Muhammad Ashfaq Ahmed, held a special meeting of Anti-Benami Zones at the FBR Headquarters, here on Saturday.

The meeting was also attended by officials of the Directorate General Anti-Benami Initiatives and Benami-Zones. According to the sources, presently, the federal government is legally empowered to dispose of the movable and immovable properties through auction or other prescribed procedures.

To deal with the Benami cases the federal government means the federal cabinet, and the decision of disposal of each Benami property has to be taken by the federal cabinet. Under the Benami Transactions (Prohibition) Act, 2017 and Benami Transactions (Prohibition) Rules, 2019, the federal government is the competent authority to dispose of confiscated properties.

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