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Authority to implement Benami Act to function from tonight: Shabbar Zaidi

Shabbar Zaidi said that all institutions including FBR, State Bank, Security and Exchange Companies (SECP) have to work collectively.

Authority to implement Benami law to function from tomorrow

The Federal Board of Revenue (FBR) has set up administrative structure to implement Benami Act, 2017 and the adjudicating authority has been constituted to take action against Benami holders of bank accounts or properties with effect from July 1, 2019 (tomorrow).

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