Pakistan to start receiving details of amounts deposited by Pakistanis in Switzerland

Pakistani government to start receiving the details of amounts deposited by Pakistanis in various bank accounts of Switzerland from next month as a treaty has been singed with Switzerland to gain access to information, State Minister for Finance and Revenue Hammad Azhar told Senate.

The Senator further said that the government has already signed treaties with 29 countries to get information of bank accounts maintained by Pakistani nationals in their respective countries.

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As per the initial estimates, an amount of $10 to $11 billion could be in the 150,000 bank accounts of 29 countries.

He said all possible step were being taken to get the information about Pakistani nationals’ assets kept in other countries including money kept in Swiss Banks for the application of tax laws.

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