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Chasing shadows

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29.12.2019

Shadow number 1: $200 billion in Swiss banks. On August 18, 2018, Imran Khan took oath of office of the prime minister of Pakistan. On August 19, Murad Saeed, now the federal minister for communication and postal services, tweeted: “200 billion dollars of Pakistani tax payers money stashed in Swiss banks as per Fin minister written reply in parliament.”

Lo and behold, we ended up spending August, September and part of October chasing the $200 billion shadow in lieu of an economic policy. To chase shadows is “to pursue things that are not there……things that are imagined rather than real.”

As per the figure released as part of the Swiss National Bank’s (Switzerland’s central bank) annual statistics report, “A little over CHF380 million ($388.58 million) in Pakistani-origin funds were held in Swiss banks at the end of 2018…..”

Shadow number 2: By September 2018, we started forming ‘task........

© The News International