Plea filed to bring money back from banks abroad

LAHORE - A petition has been moved in the Lahore High Court urging for an order to politicians to bring back their money from banks abroad in order to steer the country out of the existing economic crisis.

The petition has been moved by the Jurists’ Forum for Human Rights, through its president Tariq Aziz Malik, impleading heads of all political parties in the country as party.

The petitioner said Pakistan at present was confronted with the most acute economic crisis of its history. The foreign reserves which stood at $16 billion only nine months ago, had dangerously come down to $3 billion now and if no immediate measures to increase the reserves were taken, the country would be in an even deeper trouble. The petition stated that the inflation in the country had gone up by 50 percent while 20 percent increase had been recorded in every item, which spoke of how difficult the life of a layman had become. In this situation, it stated, the government was tending to get more loans from the IMF under very harsh conditions but this money was a temporary breather and could not do any good to the economy in the long run.