FBR, SBP join hands with ECP in vetting election candidates

FBR to help the ECP in investigating those politicians who had not lodged their tax returns with the agency.


February 13, 2013
FBR to help the ECP in investigating those politicians who had not lodged their tax returns with the agency. PHOTO: FILE

The State Bank of Pakistan (SBP) and the Federal Board of Revenue (FBR) announced full cooperation with the Election Commission of Pakistan (ECP) to scrutinize the financial and taxation documents of all election contenders, including tax return documents, Express News reported on Wednesday. 

While attending a meeting presided by the ECP Chief, Fakhruddin G Ibrahim, officials of the SBP and the FBR assured the ECP of full cooperation in its efforts to scrutinize the politicians taking part in the elections. They said that everyone in the country wanted to have free and fair elections.

Sources said that the FBR would help the ECP in investigating those politicians who had not lodged their tax returns with the agency.

Verification procedures of nomination papers, statements of interest and other relevant documents would take place over a 10 day period and new changes would be introduced to the current undertaking declaration, as and when required.

It is also learnt that that the SBP will provide updates to the ECP on candidates who have had their loans written off as well as those who have been declared as defaulters.

In December 2012,  a study entitled “Representation without Taxation” by investigative journalist Umar Cheema found that Pakistan’s elected leaders pay little or no tax despite an estimated average net wealth of $882,000.

The report found that more than 60% of Pakistan’s cabinet and two thirds of its federal lawmakers paid no tax last year.

COMMENTS (10)

elcay | 8 years ago | Reply FBR could show its integrity by starting fair & transparent investigations into how the Bilawal House was built. It should cover all aspects i.e. from the acquistion of land to the finished Bilawal House. Come on FBR show your guts!!!!!!!!
naeem khan Manhattan,Ks | 8 years ago | Reply

It is a commendable start by the ESP but 10days of investigation is not enough, 30days could have been better but the parliamentarians saw to it that the time frame is short so the ECP will not be able to do their job as they want to do.If any one living in the US is caught cheating on their tax returns to the US Internal Revenue Service, their property is under hold and they go to jail after the court sentence them and believe me they do regardless who they are, even millionaire like Mrs. Hemsly go to jail. There should be precise laws about those evading taxes in Pakistan and these people should be brought under investigation and thoroughly check their assets and expenditures. What about those who has properties and bank balances overseas, are they liable for taxation, if they do then they should submit to taxation in Pakistan. Pakistan does not need hand outs from abroad if those Pakistanis liable for taxation to pay their fair share of taxes.

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