News Column

Talks to be held with authorities to bring back 200 billion dollars parked in Swiss banks: Dar

August 1, 2014

Finance Minister Ishaq Dar has said talks will be held with Swiss authorities for bringing bank 200 billion dollars to Pakistan which have been siphoned off to Swiss banks.

Talking to media men here Thursday he said several sessions of the negotiations will be held and it can take 3 to 4 years in this process.

He went on to say the economic situation of the country was alarming when PML-N came to power. International economic institutions had indicated that Pakistan would go default in 2014. "We have to stabilize the national economy within least time and we have to seek world recognition that our economy is stable", he remarked.

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Source: Frontier Star (Pakistan)

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