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Foreign Accounts case

Foreign Accounts Case: CJP calls for mechanism to curb white-collar crime

ISLAMABAD: “People plundered money and stashed it abroad; a mechanism is needed to stop such while-collar crime,” Chief Justice Pakistan (CJP) Saqib Nisar stressed on Wednesday while hearing the case of foreign accounts owned by Pakistanis. The two-judge bench headed by Chief Justice was hearing a suo motu case pertaining to foreign bank accounts and assets of Pakistani citizens. As the hearing went underway, Director General (DG) Federal Investigation Agency (FIA) Bashir Memon informed the court that 4,221 Pakistanis…

Every infant is debt-ridden owing to flawed govt policies: CJP

LAHORE: While hearing the case of Pakistani’s foreign assets and bank accounts, on Monday, Chief Justice Saqib Nisar took policies of previous governments to task for having brought even newborns in debts. Chief Justice of Pakistan (CJP) was heading a three-member bench in Lahore registry of Supreme Court. Irked by non-implementation of apex court’s directives in the case of foreign assets and bank accounts hold by Pakistanis, CJP questioned about the amount of debts that every child owes. He further asked for all…

Foreign accounts case: FBR toothless to bring back stashed money abroad

ISLAMABAD: Federal Board of Revenue (FBR), in its report, on Thursday stated that the board is toothless to bring back the looted wealth by Pakistani nationals stashed in their foreign accounts owing to absence of legal framework.  The report was submitted in the Supreme Court of Pakistan during a hearing into the suo motu case with regard to foreign bank accounts held by Pakistani citizens. In the report, it was said that the FBR has been investigating as many as 444 people named in the leaked documents including…