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Tag Archives: Hundi

Money taken abroad through corruption, legal means: DG FIA tells SC

ISLAMABAD: Director General (DG) Federal Investigation Agency (FIA) Bashir Memon informed the Supreme Court that 4,221 Pakistanis have foreign bank accounts and assets in the United Arab Emirates (UAE). The revelation came as Chief Justice of Pakistan (CJP) Mian Saqib Nisar, while heading a two-judge bench, remarked, “FIA should inform us how many Pakistanis have assets and accounts in the ... Read More »

FBR puzzled on PM’s orders about terrorist funding

ISLAMABAD: Prime Minister Pakistan Muhammad Nawaz Sharif has instructed FBR to stop funding of terrorists. Chairman FBR along with other members look puzzled and found asking each other how they can play role in prevention of this funding. They are also looking for possible ways falling in their jurisdiction to counter this funding. Although this statement has been issued from ... Read More »

Rs 10.46 billion paid to banks for telegraphic transfer of remittance

ISLAMABAD: An amount of Rs 10.46 billion has been paid to banks for making Telegraphic Transfer (TT) of remittances to Pakistan from abroad in 2013. This initiative was taken to promote inflow of remittances by overseas Pakistanis through legal channels as well as to control illegal transactions of money through Hundi and Hawala. Total amount of remittances made by overseas ... Read More »

FIA unearths Rs35 billion gold smuggling scandal

ISLAMABAD: An FIA report has revealed that jewelers from Karachi, Islamabad and Lahore have smuggled gold worth Rs 35 billion out of the country in one year on fake customs documents. FIA in its reported submitted to the Ministry of Interior exposed that this gold was smuggled out mostly via Karachi in one year between 2010 and 2011. The report ... Read More »

Weekly roundup: Bears reign KSE amid Imran, Qadri sit-ins

KARACHI: As the Azadi and Inqilab marches led by Pakistani Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri entered third week, the bears and bulls kept fighting the whole last week at the Karachi Stock Exchange. The KSE 100-index started last week journey with initial 28,871.75 points and lost 304.01 points in five days ... Read More »