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Ishaq Dar Claims forex reserves stand at $10b

Anybody who thinks their dollars in Commercial Banks are safe deserves to loose them.
Try going into any bank in Pakistan and attempt to withdraw your dollars, and you'll get the answer.

Our personal dollars in commercial banks are already gone. Banks delay, beg, refuse or trickle out a few here and there.

This single comment by Dar will result in a run on the banks. Watch what happens next week. The panic and crisis is going to heat up. While SS just got on a Gulfstream and flew to the ski slopes of Switzerland, and the Establishment is still trying to keep the one unifying party out of power.

It is almost like the logical and rational part of our brains has been removed.
People who have those accounts should read the fine print on the papers they received when they opened it. It may be already there. All commercial banks are run on the instructions of the Central Bank i.e., SBP.
 
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Pakistan Court Orders Seizure of Ishaq Dar’s Assets
Print articlePublished: 03 October 2018
WRITTEN BY HAROON JANJUA
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An Islamabad court allowed on Tuesday the National Accountability Bureau (NAB), the country’s anti-graft watchdog, to seize the bank accounts, control the properties, and auction the assets of a former finance minister who fled the country after a corruption investigation was launched against him, the Daily Pakistan reported.

Ishaq Dar 1
Ishaq Dar (CC 2.0)
Ishaq Dar, 68, was declared a fugitive in December after he repeatedly failed to appear before judges in a graft case associated to the Panama Papers leaks.

The four-time finance minister fled to London last October to receive treatment for a heart condition. He was relieved of his duties in November after he requested three months leave.
 
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"Not $4 billion as $6 billion held by commercial banks also belong to the country."
 
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Panama Papers Probe: Pakistan Finance Minister Ishaq Dar Indicted, Pleads Not Guilty
The apex court had disqualified Nawaz Sharif as the prime minister and ordered corruption cases against him


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Outlook Web Bureau
Updated: 27 Sep 2017 1:14 pm

Pakistan's Finance Minister Ishaq Dar was today indicted by an anti-corruption court, hearing the Panama Papers case, for possessing assets beyond known sources of income.

The minister pleaded not guilty to all charges, terming them baseless.

Anti-corruption watchdog National Accountability Bureau (NAB) on September 8 filed a case against Dar for possessing assets beyond his known sources of income following the July 28 verdict of the Supreme Court.

The apex court had disqualified Nawaz Sharif as the prime minister and ordered corruption cases against him, his children Maryam, Husain and Hasan and son-in-law Muhammad Safdar.

A situation of chaos was observed outside the accountability court when Dar arrived for the hearing. The doors to the court were shut for reporters, and the finance minister had to wait at least 20 minutes outside before he was allowed to enter the court premises from the back door.


Pakistan Finance Minister Ishaq Dar declared proclaimed offender in graft case
November 21, 2017 05:40 pm | Updated December 03, 2021 10:35 am IST - Islamabad

PTI
Pakistan Finance Minister Ishaq Dar arrives to appear before an anti-corruption court in Islamabad on September 27, 2017.
Pakistan Finance Minister Ishaq Dar arrives to appear before an anti-corruption court in Islamabad on September 27, 2017.
An accountability court ordered initiation of proceedings to declare Pakistan’s embattled Finance Minister Ishaq Dar as a proclaimed offender in a graft case in Islamabad on November 21.

Judge Mohammad Bashir held the hearing even as 67-year- old Mr. Dar remained absent as he is in London for medical treatment. The judge also rejected an application by Mr. Dar’s lawyer to grant him exemption.


The court also asked his guarantor, Ahmad Ali Qudoosi, to respond by November 24 as to why the surety bond of 5 million Pakistani rupees should not be confiscated as Mr. Qudoosi had failed to ensure Mr. Dar’s presence during the hearing. The court adjourned the hearing till December 4.

The case was filed against Mr. Dar by the National Accountability Bureau in light of the Supreme Court order of July 28 that also

disqualified Nawaz Sharif as Prime Minister in the Panama Papers scandal.


Full interview here:

 
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I will take our FM words rather than PTI fanboys.

if imr-ran khan and his newton gang can get away with lies, which the idiots believe,
why on eart would the cocaine addict utter a word of truth,
back in his days of govt, immi the dim. changed 3 finance ministers, without improving any shred of governance,

his only agenda- given to him by his jew -goldsmiths -rothchilds gang is to make sure pakistan is economicaly bankrupt- at which he did a great job- thanks for pindi boys who are brothers in crime of tabee fraudia
 
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if imr-ran khan and his newton gang can get away with lies, which the idiots believe,
why on eart would the cocaine addict utter a word of truth,
back in his days of govt, immi the dim. changed 3 finance ministers, without improving any shred of governance,

his only agenda- given to him by his jew -goldsmiths -rothchilds gang is to make sure pakistan is economicaly bankrupt- at which he did a great job- thanks for pindi boys who are brothers in crime of tabee fraudia
Jews are the best. I love Israel.
 
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The best thing that can happen now is :

a) Imran Khan - keeps his mouth shut - Pakistan does not need elections right now.
b) Pakistan - formally defaults - then the clowns can explain how their political manipulation has bought Pakistan to this.
c) the PDM movement can explain how Pakistan defaulted( price to pay for co-opting with the Generals in GHQ ).

The default must happen otherwise things will NEVER get better ever - the musical chairs orchestrated by GHQ will simply go on..
 
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People who have those accounts should read the fine print on the papers they received when they opened it. It may be already there. All commercial banks are run on the instructions of the Central Bank i.e., SBP.
You are spot on - the details are in the fine print.
In the previous Dollar freezing fiasco, the banks relied on the fine print there too.
One household with a serving military officer, and his civilian brother living under the same roof.
Two different actions. The military officer got their dollars. The civilians did not.
Legal cover was in the fine print, where they stipulated that Banks have the right to treat their customers differently.

There was no legal course and this was outright stealing back then. Poor civilians bore the brunt of that fiasco. And "special" civilians and Military did not.

This will be a repeat.
 
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