Sir: I would like to invite Federal Finance Minister Mr Ishaq Dar’s kind attention to his statement on May 9, 2014, when he revealed that at least $ 200 billion of Pakistani money is stashed in Swiss banks.
Sir, two years have passed, but there is no further information about any action that has been taken by your government to bring back that money. Were these $ 200 billion stolen by corrupt rulers, or earned by businessmen and expatriate Pakistanis? We have been begging the International Monetary Fund and other donors for aid and loans to meet the government’s administrative expenses and reduce our budget deficits.
The government is also borrowing billions of rupees from local banks for development projects. We are celebrating the announcement of a massive Chinese investment of $ 46 billion and calling it a game changer, which will be invested during the next 15 years. The $ 200 billion of course do matter as this can help Pakistan become a debt-free country. I request the Federal Finance Minister to put this item on top priority and apply all his experience and skills to bring this money to Pakistan. Should I hope that you will do the needful?
ENGINEER S T HUSSAIN
Islamabad
Nations and international organisations have traditionally used sanctions as a pillar of their diplomatic strategies…
On May 1st, on the occasion of International Labor Day, a heartfelt message was issued…
Gold prices extended their decline in Pakistan for the third straight session on Tuesday, in…
The Rupee on Tuesday gained 08 paisa against the US dollar in the interbank trading…
Pakistan earned US $614.947 million by providing different transport services in various countries during the…
The Board of Directors of Habib Bank Limited, one of the country’s largest commercial banks,…
Leave a Comment