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Assets Declaration Ordinance, 2019

A Brief on the Assets Declaration Ordinance, 2019

The President of Pakistan has promulgated Asset Declaration Ordinance, 2019 on 14 May 2019 for declaration of undisclosed assets, sales, expenditure and Benami assets.

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Saqib Masood

Partner and Head of Location - Karachi

KPMG in Pakistan

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A Brief on the Assets Declaration Ordinance, 2019

This brief contains our comments on the provisions of the aforesaid Ordinance. We recommend that while considering their application to any particular case, reference be made to the relevant provision of the Ordinance.

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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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