Chief Justice Nisar had taken a suo motu notice of foreign bank accounts held by Pakistani citizens on February 1. The court directed the FBR, SBP, Securities and Exchange Commission of Pakistan and Finance Ministry to submit a detailed report on the matter in court. The CJP said that while there were citizens who had used legal means to transfer money abroad, a majority of people smuggled the money into foreign countries. The officials were told by the bench to investigate the amount of money that had been transferred from Pakistan to foreign accounts. “It is said that all our debts would be paid if the money stored abroad is brought back to the country,” the CJP said.

Source: Pakistan Today February 15, 2018 09:41 UTC