10-21-2008, 03:50 AM
Today is heavy Paki news day or future trend day.
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<b>Illegal flight of foreign currency</b>
APROPOS of a news report in Dawn (Sept 27), an estimated amount of $150 million a month is being illegally transferred out of the country right under the nose of the State Bank of Pakistan. What an irony bigger than this can be for a country like ours which has now gone on its knees, and whose foreign reserves have crashed to $8bn from $16bn within a period of six to seven months?
In view of the law and order situation deteriorating day by day, foreign investment is a far cry and whatever is left is being mercilessly and illegally transferred out of the country.
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Fauji are moving money but where?
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->link
<b>Illegal flight of foreign currency</b>
APROPOS of a news report in Dawn (Sept 27), an estimated amount of $150 million a month is being illegally transferred out of the country right under the nose of the State Bank of Pakistan. What an irony bigger than this can be for a country like ours which has now gone on its knees, and whose foreign reserves have crashed to $8bn from $16bn within a period of six to seven months?
In view of the law and order situation deteriorating day by day, foreign investment is a far cry and whatever is left is being mercilessly and illegally transferred out of the country.
<!--QuoteEnd--><!--QuoteEEnd-->
Fauji are moving money but where?