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Money Stashed Abroad by Pakistanis Will be Seized Soon
Former Chairman of Federal Board of Revenue (FBR), Shabbar Zaidi, said that Pakistani businessmen have $150 billion stashed away in foreign bank accounts.
He made this shocking revelation while speaking at a webinar organized by the Positive Media Communication. He said that Pakistanis have this amount deposited in foreign banks in countries like Malta, despite really low-interest rates.
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He said, “Now the time has come in the wake of a changed scenario worldwide when these businessmen will have to think to bring back this huge money.”
Zaidi said that he could now foresee when such Pakistanis would be informed by these very countries that their money has been seized by the respective governments. He said that he knew individuals with addresses who owned the $150 billion.