SC chides SBP officials over assets of overseas Pakistanis report | Pakistan Today

SC chides SBP officials over assets of overseas Pakistanis report

LAHORE: The Supreme Court of Pakistan (SC) on Tuesday expressed displeasure over a report submitted by the State Bank of Pakistan (SBP) pertaining to the assets of overseas Pakistanis.

A three-member bench of the apex court was hearing the suo motu case of Pakistani citizens who had foreign bank accounts and assets. The bench was headed by Chief Justice of Pakistan Mian Saqib Nisar and included Justice Umar Ata Bandiyal and Justice Ejazul Ahsan.

State Bank governor, finance secretary and Federal Board of Revenue chairman appeared before the court.

During the hearing, the CJP inquired how much money has gone out of the country illegally. Justice Ahsan also remarked that Rs4,000 billion have been sent out.

The SBP governor said that investigating the transfer of money illegally was the task of FIA.

Justice Umar Bandiyal remarked that the apex court will not interfere in the issue of the amnesty scheme.

The CJP said that for the putting the country’s economy on the right track, think-tanks should be utilised and the platform of Law and Justice Commission was present.

In the previous hearing, the SC in its order to the SBP had stated that details of all transactions above $50,000 should be submitted to the court.

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