Updated on
Summary The return of looted Pakistani wealth stashed in foreign banks has become a challenge.
According to a writ petition moved in the Supreme Court, this amount is assessed to be more than $ 500 billion.Experts are of the opinion that even if half of the aforesaid amount is returned to the country, it would be enough to change the destiny of Pakistan and its people.There could however no exact statistics on the looted wealth since the partition, a writ petition moved by a former minister puts the estimates at more than $ 500 billion.Besides Swiss banks, the US, the UK, Canada, Germany, France, Spain, Malaysia and UEA are said to be safe abodes for securing money looted from the developing countries. It is interesting to note that in addition to politicians, some other elements are also involved in this crime.Some of the parliamentarians say that plundered amount may be returned in the country with the help of the international community though the UN.The Accountability Bill has been postponed for three years on one pretext or the other. It seems that the ruling class itself is a stumbling block in this regard.The people’s representatives are not ready to discuss this matter in detail.Experts are of the view that serious endeavours should be made to steer the country out of the economic crisis and attain self-dependence.
