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SNB (Swiss National Bank)

Swiss Bank- Pakistani money down by 21 percent

KARACHI: Pakistani's wealth at Swiss banks showed a downward trend by almost 21% to stand at CHF 1.115 billion in 2017, stated by Indian media report. According to latest data released by Switzerland’s central bank SNB (Swiss National Bank), the funds linked directly to clients from Pakistan stood at CHF 1,100.7 million at the end of 2017, while the money held through fiduciaries or wealth managers was CHF 15 million. “Despite the decline, the money held by Pakistani nationals and entities remain above that of Indians,…