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asa I am an overseas Pakistani in the USA. If I send my tax paid foreign remittance to Pakistan in my dollar account and then cash it in open market, does this satisfy FBR requirement for tax benefit for any real estate purchase

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Dear Bilal,

Foreign remittance is not subject to any taxes in Pakistan and yes therefore when you send it through bank and get it cashed from open market , you will be given a receipt by the currency exchange company which is a valid document of proof for your currency exchange and satisfies FBR or any other institution in your case.

Jazak Allah

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Totally wrong answer.only the dollars sold to bank will be satisfying FBR requirements.

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