ISLAMABAD: It didn’t make to the prime time news but buried under piles of documents carrying details of hundreds of dead people there was something that would bother the Pakistani elite.
According to an estimate, Pakistanis have deposited $200 billion black money in Swiss banks, sources said on Thursday. It is no secret that Pakistani politicians, bureaucrats, businessmen and some terrorist networks have been transferring huge amounts of money to Swiss banks, generated through illegal activities. Pakistan is facing the challenge of measuring and countering enormous revenue leakages and black money, its size estimated to be three times the regular economy, Swiss sources said. –
