$200 billion of Pakistanis in Swiss banks being accessed: Senate told

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ISLAMABAD, May 12 (APP): Federal Minister for Law and Justice Zahid Hamid on Thursday said the government was taking serious measures to engage Swiss government in order to get access of the $ 200 billion of Pakistanis, reportedly deposited in Swiss banks.

Replying to a question in the Senate on behalf of finance minister, he said the government was working to seek help of the new Swiss Policy which has now allowed Swiss government to exchange heretofore
confidential information about ill-gotten monies, stashed up in Swiss banking industry.

He said exchange of tax information was the new mechanism for catching the tax-dodgers and the corrupt who siphon off and hide their ill-gotten wealth in Swiss Banks and other tax havens.