INSUBCONTINENT EXCLUSIVE:
ISLAMABAD:Advisor to Prime Minister on Finance, Abdul Hafeez Sheikh Thursday said that record 137,000 people declared their assets and
deposited taxes worth Rs 70 billion under the Asset Declaration Scheme which expired on July 3.This is the biggest number of beneficiaries
in a single scheme in Pakistan's history which made it unique to other schemes in which the people also declared their assets worth of
over Rs 3000 billion, he said while addressing a press conference flanked by Minister for Revenue Hammad Azhar and Chairman Federal Board of
Revenue (FBR) Shabbar Zaidi.With regard to the International Monetary Fund (IMF) approval of $6 billion loan for Pakistan, the Advisor said
the decision was important in the sense that the international powers and institutions were now expressing satisfaction over Pakistan as the
government had conveyed a message that being a responsible country, it was maintaining the fiscal discipline, mobilizing taxes and taking
difficult decision to strengthen its economy.He said with the approval of bailout package by the IMF, other international institutions had
now started releasing funds for the country."The Asian Development Bank (ADB) is willing to extend an additional $3.4 billion loan out of
which $2.1 billion was likely to be received during current year," he said hoping to get even more funds from the Bank.Similarly he said the
World Bank was also ready to provide loans to Pakistan.He clarified that, these loans from ADB and WB would not be linked to any projects
but for the purpose of budgetary support and general expenditures.TheIndianSubcontinent has not verified the content of the source
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