ISLAMABAD: Supreme Court directed State Bank of Pakistan to submit sealedreport on all foreign currency transactions above $50,000 from Pakistanduring 2017-18, within seven days.
A three-judge bench, headed by Chief Justice Mian Saqib Nisar, passed thedirections while hearing a suo moto notice pertaining to foreign bankaccounts owned by Pakistani citizens.
During course of proceedings, the chief justice remarked that PTI leader,Jahangir Tareen transferred millions of dollars from Pakistan and madeassets abroad.
Chief Justice Mian Saqib Nisar said progress of the country depended onforeign assets and water.
He pointed out that the SC should know about Pakistani citizens, holdingaccounts and properties in Switzerland.
Policies were made just to get own benefits so the money easily could betransferred to abroad however recent aim behind this move of the court wasto take advantage of the amnesty scheme before September, the CJ added.