2,700 overseas properties of Pakistanis traced: Report

2,700 overseas properties of Pakistanis traced: Report
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ISLAMABAD – Federal Investigation Agency (FIA) Director General Bashir Memon informed the Supreme Court that 2700 overseas properties owned by Pakistanis have been traced in the probe.

A three-member bench headed by Chief Justice of Pakistan Mian Saqib Nisar on Wednesday heard a suo motu notice of Pakistanis’ undeclared foreign bank accounts. During the hearing, Attorney General (AG) Khalid Javed presented a governmental report in the court.

The director general revealed that overseas properties of 2700 owned by the Pakistanis revealed in the probe of assets owned by Pakistani nationals in foreign countries case. In the report, it said that Pakistanis have more than 1000 billion only in Dubai.

During the hearing, the chief justice expressed his displeasure at the failure of authorities to stop the hundi-hawala business. “The markets are full of smuggled goods. Why have we been unable to stop smuggling?” Justice Nisar asked the attorney general.

CJ Nisar asked that the documents are full of information regarding the investigation but has any dollar brought back in Pakistan. The Supreme Court directed the FIA to obtain affidavits from the owners of 2700 properties within 15 days.

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