RAWALPINDI: Martial Law Regulation No. 46, promulgated and enforced with effect from June 3, is a sequel to Martial Law Regulations No. 32, 33, 34, and 35, says a Press release issued here today [June 4]. The Press release said: “These ML Regulations relate respectively to the declaration of income tax, other Government taxes, foreign exchange and other movable and immovable assets held in Pakistan and abroad.

“Martial Law Regulation No. 46 provides for the appointment of a five-member Committee required to examine the tax and foreign exchange returns and other connected matters. The main function of this Committee would be to scrutinise returns of individuals to ensure that defaulters under the aforesaid Martial Law Regulations are detected and dealt with.

“A considerable amount of information is available with ML authorities as to the state of assets of a large number of individuals and as the final date for submission of these returns approaches more and more information is pouring in and it is expected that the Committee’s work in identifying defaulters would be greatly facilitated due to the availability of this information.

“As already announced, the Committee is fully authorised to summon any person, ask for any document, check any bank account or order search of any place, person or building in order to investigate cases of default, omission or wilful evasion of tax etc.”

Published in Dawn, June 5th, 2019