ISLAMABAD: Federal Investigation Agency (FIA) has revealed that 2,700 properties owned by overseas Pakistanis which had traced by the agency.
DG FIA Bashir Memon said this while appearing before court on Wednesday. The revelation was made during the hearing of a suo motu notice by the Chief Justice of Pakistan Justice Saqib Nisar of assets owned by Pakistani nationals in foreign countries.
Chief Justice of Pakistan Mian Saqib Nisar chaired a three-member bench of Supreme Court, during the hearing Attorney General (AG) Khalid Javed presented a report in court. He informed the court that the United Kingdom and Pakistan have launched a partnership which aims to track corruption and restart the bilateral transfer of prisoners.
CJP instructed the AG to produce a report regarding Pakistanis who own 15-20 assets in foreign countries.
The governor of State Bank of Pakistan (SBP) Tariq Bajwa then informed the court that 550 Pakistanis own properties abroad.
Responding to the chief justice, AG Javed remarked that laws to stop smuggling and hundi-hawala are being framed for the very first time. He further informed the court that 44 agents involved in the hundi-hawala business were recently arrested and Rs119 million recovered.
According to the attorney general, operations will be conducted soon in Karachi, Lahore, Multan, Peshawar, and Faisalabad. “The government has formed a task force which is quickly taking steps in this regard,” AG Javed said.
As the hearing proceeded, AG Javed informed the court that a man arrested in the United Kingdom had transferred 250 million dollars through Dubai to the country. He further noted that the agreement with the UK will help move forward to crack down on the illegal transfer of money.
After DG FIA Memon requested the apex court to grant a month’s time for further operations, the court gave 15 days to the agency to proceed with its crackdown on the illegal transfer of money out of Pakistan.
The Supreme Court also ordered the authorities to submit a report regarding the progress on curbing money laundering and bringing illegally transferred money back to Pakistan.