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SC reserves verdict in foreign assets, amnesty scheme case

LAHORE (Muslim Times) – Supreme Court (SC) on Tuesday reserved verdict in case pertaining to foreign accounts, foreign assets and amnesty scheme.

A three-member bench of the Supreme Court, led by Chief Justice of Pakistan (CJP) Justice Mian Saqib Nisar, Justice Umar Bandiyal, and Justice Ejaz-ul-Ahsan, was hearing the case.

During the proceedings, the CJP remarked that Justice Umer Atta Bandial will announce the verdict pertaining to foreign accounts, foreign assets and amnesty scheme and asked what we are leaving for our future generations.

Justice Saqib Nisar questioned Finance chief secretary whether the amount allocated for water, education and health was enough to which the secretary admitted that the amount was not enough.

The State Bank Governor while admitting said that the contaminated water is the root cause of more than 60 percent diseases.

The CJP remarked that the nation was ready to give money when the apex court talked about construction of dams, adding that loans were being taken to pay loans but no one knows who would return the money.

No steps have been taken to increase country’s resources and exports, he added.

State Bank Governor Tariq Bajwa told the court that steps have been taken to stop currency, adding that restriction was imposed on the movement of more than US$10,000.

Justice Saqib Nisar observed that the Central Bank wants to establish its monopoly over the foreign currency and asked if the Bank’s policy is compatible with our culture.

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