Times of Islamabad

Massive amount worth millions of dollars transfered illegally out of Pakistan: Report

Massive amount worth millions of dollars transfered illegally out of Pakistan: Report

ISLAMABAD – Massive amount worth millions of dollars transfered illegallyout of Pakistan in former PM Nawaz Sharif government, media reports haverevealed.

Massive amount of $431 million had allegedly transferred to differentforeign countries owing to the defective and feeble performance and policesof State Bank Pakistan (SBP), The Nation had reported.

The inner sources have revealed that 90 private companies had transferred$431 million to different countries owing to the faulty policies of SBP.These companies had fraudulently transferred this huge amount without anyfear.

Sources stated that action hasn’t being taken against the high officialsthose who involved in this ugly work. It was revealed in the official’sdocuments that additional Rs 19 billion had been paid to foreign banksthose who sent foreign reserves to Pakistan.

Moreover these banks had paid Rs 19 billion in the capacity of charges.This ugly work was done in the first year of former Prime Minister NawazSharif tenure.

It further stated in report that 90 companies had allegedly transferred43.13 million dollars to foreign countries for investment during PPP leaderAsif Ali Zardari tenure.