SC directs FIA to present 20 Pakistanis details owned property in UAE

SC directs FIA to present 20 Pakistanis details owned property in UAE
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ISLAMABAD: The Supreme Court (SC) Thursday directed Federal Investigation Agency (FIA) to present 20 Pakistanis details owned property in the United Arab Emirates (UAE) before the bench.

A three-judge bench headed by Chief Justice of Pakistan Justice Mian Saqib Nisar heard a suo motu notice of assets owned by Pakistani nationals in foreign countries.

During course of proceedings, FIA Director General Bashir Memon submitted its initial report on foreign properties, stating that 894 Pakistanis had properties in Dubai, while 374 individuals took advantage of the amnesty scheme and disclosed their assets. However, 150 individuals did not disclose their properties and 89 individuals denied ownership of the properties.

Justice Nisar inquired if details of their accounts could also be gathered from foreign bank accounts.

Governor of State Bank of Pakistan (SBP) Tariq Bajwa informed the bench that foreign banks did not fall under the SBP’s jurisdiction.

However, United Kingdom has initiated information sharing with Pakistan from September 1, he added.

Justice Nisar said the United Kingdom had only provided details pertaining to properties but not bank accounts details.

The court then directed FIA to present at least 20 people names who owned foreign properties before the court and adjourned the hearing till November 1.

APP

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