President of Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik has urged the government to extend last date for amnesty scheme 2018 by at least one month so that maximum number of individuals may benefit from this scheme with an attractive tax rate for declaration and repatriation of foreign assets.
He said that the amnesty scheme has received good response so far. But, he expected that more individuals, who were reluctant due to elections, might come forward to avail this scheme if the scheme is extended by up to August 31, 2018. He said it would help bring desperately-needed foreign reserves for the country.
He hoped that the government that is facing difficulties in reducing pressure on dwindling foreign exchange reserves would review the situation and accordingly announce the extension in the expiry date of the amnesty scheme in the larger interest of the country.
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