Why to conceal truth from the Senate?

Posted by Syed Nayyar Uddin on April 28, 2016 in Action Plan to Revive Pak Economy, Corruption, Counter Terrorism, My Views, Pakistan, Politics |

All forex accounts exempt from scrutiny, Senate panel told..http://tribune.com.pk/story/1093337/all-forex-accounts-exempt-from-scrutiny-senate-panel-told/#comment-4696201
The stance of SBP director and the lawyer reported in your news (Express Tribune) of April 28, 2016 is NOT correct.
The law was amended on 19 December 1999 and immunity to probe was withdrawn.
SBP issued Circular 30 of 2000 as well to this effect. Now they are pleading ignorance.
Section 5 of protection of Economic Reforms Act, 1992 was amended in 1999 and outward remittances were restricted.https://t.co/pDFRxgF0oM.
“Provided that such immunity shall not be available to citizens of Pakistan residing in Pakistan and to firms, companies and other bodies registered or incorporated in Pakistan in respect of any new foreign currency account opened ordeposits created on or after the 16th day of December, 1999 or to any incremental
deposits thereafter in an existing foreign currency account”–https://t.co/XuxoxIFIs8

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