ISLAMABAD: Finance Minister Ishaq Dar said talks to bring back $200 billion “what he said” belonging to Pakistan and stashed in banks in Switzerland will begin in the current month.
In a statement issued here, the federal minister pointed out that the talks would be held in several phases and it could take three to four years to bring the money back to the country.
He claimed that when the PML-Nawaz (PML-N) took power after May 11 general elections, the economic situation was fragile, adding that foreign monetary institutions had predicted that Pakistan would be bankrupt in 2014.
Dar said that the government was performing well and had put back the national economy on track. “We have set the pace for progress and soon Pakistan will become a strong economy,” he added.
SBP dollar purchases fall to 16-month low at $154m
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