Talks to retrieve $200b from Swiss banks to be held in August: Dar

Talks will be held in several phases; will take 3-4 years to bring money back, says finance minister


Web Desk July 31, 2014

ISLAMABAD: Finance Minister Ishaq Dar said talks would be held with the Swiss government in August to bring back $200 billion from Switzerland to Pakistan, Radio Pakistan reported.

Talks would be held in several phases, and it could take three to four years to bring the money back to the country, Dar said in a statement.

He said that when the Pakistan Muslim League-Nawaz (PML-N) took charge of the country’s affairs, the economic situation was fragile, adding that foreign monetary institutions had predicted that Pakistan would be bankrupt in 2014.

Dar said that the current government was performing well, proving that Pakistan has a strong economy.

 

E-Publications

Most Read

COMMENTS (53)

Masnoon | 6 years ago | Reply

Total Worth of Swiss economy: 364 Billion $ Total asserts / and or money in Swiss banks owned by Pakistanis: 200 Billion $

Now Tribune as usual has done a pathetic job at checking its facts, and / or Isha dar has done is lying as usual again.

May God Bless Pakistan!

Muslim Leaguer | 6 years ago | Reply

@Rawalpindi Kid: I can only laugh at your defense of NRO (declared as darkest law in the constitutional history of Pakistan and therefore rightly struck down by the Supreme Court). If the cases were not going anywhere, then why to cry after US$ 200 Billion stashed in Swiss Banks?? Why was the NAB's lead investigator Hassan Waseem Afzal rewarded as promotion to Deputy Chairman immediately after his visit to Switzerland?? Even General Shahid Aziz (former Chairman NAB) has also spilled the beans http://www.seamonitors.org/id148.html Kid, you really need to do some research on the subject before writing on ET comments!

VIEW MORE COMMENTS
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ