Wealth Statement: Why Every Pakistani Must File It—Even If Your Income Is Low

1. Wealth Statement Shows Your True Financial Picture
It includes:

• Assets

• Income

• Expenses

• Investments

This helps FBR match your declared income with your lifestyle.

2. Required for All Major Purchases
Wealth statement is compulsory for:

• Car purchase

• Property purchase

• Bank loan

• Visa processing

Without it, you face “source of income” issues.

3. Avoid FBR Notices & Problems
If your assets increase but wealth statement isn’t filed, you get notices instantly.
A complete statement = Safe from legal trouble.

4. Helps in Visa & Overseas Travel
Embassies check financial stability.
Wealth statement boosts your financial credibility.

5. You Don’t Need High Income to File It
Even salaried or small earners can (and SHOULD) file it — it protects you long-term.

6. Why Hiring a Consultant is Helpful
A consultant ensures all assets and expenses match correctly so you never face mismatched data issues.