SC for mechanism to bring back money stashed abroad – The Nation

ISLAMABAD – The Supreme Court on Thursday formed a committee comprising the Federal Board of Revenue chairman, the State Bank of Pakistan governor and the Ministry of Finance secretary to prepare guidelines to bring back money illegally stashed in foreign countries by Pakistanis.

A three-judge bench headed by Chief Justice Mian Saqib Nisar was hearing the suo motu case about the bank accounts and properties held by the Pakistani citizens in foreign countries.

Earlier, the apex court while taking up the suo motu case had summoned representatives of the SBP, the FBR, the Securities and Exchange Commission of Pakistan (SECP) and the finance ministry.

Additional Attorney General Waqar Rana filed a joint reply on behalf of SBP Governor Tariq Bajwa, Ministry of Finance Secretary Arif Ahmed Khan, FBR Chairman Tariq Mahmood Pasha and the SECP chairman.

The chief justice observed that many Pakistanis have opened bank accounts in foreign countries. The SBP

... read more at: https://nation.com.pk/16-Feb-2018/sc-for-mechanism-to-bring-back-money-stashed-abroad

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