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HUDABIYA ENGG. (PVT) LTD. versus PAKISTAN

Sections 5 and 9 of the Foreign Exchange Accounts Scope of the Economic Reform Act 1992, the protection and immunity of such accounts by the Economic Reform Act 1992 = the supply of Section 5, the Economic Reform Act, 1992, not only completed Provides immunity. Provides foreign currency account holders but complete confidentiality with respect to transactions in those accounts, while section 1 (1) of section 5 of the Act will provide immunity to foreign currency holders and its CLL ( 2) Balance in foreign currency accounts will be exempt. Income Tax and Income Tax Income; Its Circle () mandates that banks maintain full confidentiality with regard to foreign currency accounts. And its CLL (4) prohibits the State Bank and all other banks from making any restrictions on the collection and withdrawal of foreign currency accounts. Also, if any restriction is already in force, The provisions of Section 5 (1) will be withdrawn. The Economic Reforms Act, 1992, consequently, provides for the exemption of foreign exchange holders from any investigation of the tax authority, through the financing of foreign currency accounts, under the section section on such waiver. Was not subject to any of the terms made. In addition to the provision of Section 5 (3), the Protection of Economic Reform Act 1992, the Act applicable to foreign currency matters is particularly relevant to the privacy question as far as the foreign currency accounts are concerned. Section 9 generally deals with privacy. Banking transactions and the like do not apply to foreign currency accounts immigration advocates from Kurram Agency lawyer