ISLAMABAD: Supreme Court of Pakistan (SC) on Thursday summoned record from State Bank of Pakistan (SBP) pertaining to banking transactions made abroad worth $50000 or more in past one year.
As per details garnered, SC resumed hearing on suo motu notice pertaining to foreign assets case.
Chief Justice of Pakistan (CJP) Justice Saqib Nisar—during hearing—observed that such policies had been crafted intentionally (by the incumbent governments) which helped in stashing money abroad. “This is failure of state, illegal assets have to be brought back”, remarked CJP.
CJP inquired that how many Pakistanis had assets and accounts abroad. “The primary aim of proceedings is to drill the way through which wealth stashed abroad can be brought back to country”, remarked Justice Saqib Nisar.
SBP governor stated that these issues were not mentioned in Khalid Anwar committee’s Terms of reference (TORs). He stressed on to look in contemporary laws and agreement. To this, CJP remarked that did court need to wait for government’s agreements to take action?
“Has SBP possessed information that how much dollars were sent abroad”, inquired CJP. Responding to this, SBP governor replied that the information can be obtained from relevant banks.
Later, the hearing of the case was adjourned till next week.