Main Menu

undeclared assets

 
 

‘Black Economy Generating Undeclared Assets Home and Abroad’

(BE2C2 Report) — The country’s apex court has tasked a special committee to suggest ways to trace and retrieve assets from abroad in view of a suo motu notice on ill-gotten money of Pakistani citizens in foreign banks. Last year, the then Finance Minister Ishaq Dar had a figure of US$200 billion as an estimated sum that Pakistani citizens hold in Swiss bank accounts. An estimated 4 to times this figure is speculated to be held as assets by Pakistanis abroad– both legally and through inappropriate means. In either case,Read More