I as a citizen and taxpayer demand that not only this case but the penalty payment to IMF, as well, should be referred to the NAB, and also to the speedy trial court, to confiscate the property of every official responsible for this grave misconduct that eventually cost about 6 billion rupees to this poor nation. They sell and purchase foreign currency like the yen, euro, franc and pound for US dollars and earn or lose money. Private investors are asked to invest at least 20,000 before the organization starts to sell and purchase foreign currency. They deduct 80 from 20,000 as commission and credit the investor's account if there is a profit when accounts are closed or debit his account in case there is a loss. In this way, investors purchase dollars from money changers in the Market with rupees, evading income tax and turning black money into white.
Nobody is there to check their currency business.
Secondly, such foreign private companies do not declare their foreign exchange reserves and earning which is a great loss to the country. People have been allowed to take as much Pakistani currency as they can abroad. It has been observed that many businessmen take large amounts of rupees in sacks and nobody can haul them up since they have State Bank permission on condition that they declare the equivalent amount of foreign currency on their return to the country. But they do not do so and nobody checks their activities. The State Bank should investigate whether any money laundering is going on.