Recently Finance Minister Ishaq Dar revealed that at least $200 billion of Pakistan money are in Swiss Banks. Ishaq Dar also stated that government is engaging Swiss authorities to get this huge amount back which is hidden by various Pakistani nationals illegally.
Pakistan’s total external debt is $150 billion so if government succeeds in getting back this $200 billion it will surely cause a huge benefit for Pakistan. Finance Minister also said that Federal Board of Revenue (FBR) officials and the Swiss authorities concerned will meet in August to look into this matter. As a common Pakistani I think this amount is huge and instead of waiting till August government should hold the meeting with Swiss authorities as soon as possible.
If Legislation is required then government must also speed up this process in National Assembly and opposition parties must also support government in this regard.
May 16, 2014