ISLAMABAD: Chief Justice of Pakistan (CJP) Mian Saqib Nisar on Thursday took suo notice over alleged laundered money of Pakistanis in Swiss accounts.

The three-judge bench headed by the CJP issued notices to the Federal Board of Revenue (FBR), State Bank and Securities and Exchange Commission of Pakistan to submit a comprehensive report within two weeks regarding the money which is lying in Swiss accounts.

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Earlier this month tax authorities said that the revised treaty on the Avoidance of Double Taxation did not cover past transactions, and thus it seemed the secret of the $200 billion stashed in Switzerland by Pakistanis will remain a secret.

“The scope of the revised treaty is limited to the transactions that would be carried out from January 2018,” said Dr. Mohammad Iqbal, Member Inland Revenue Policy of the FBR.

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