Swiss accounts of Rs81 trillion no more secret

Pak-Swiss accord to avoid double taxation signed ISLAMABAD: The accounts in Swiss banks containing Rs81 trillion of Pakistanis would no more be secret now as Pakistan and Switzerland on Tuesday signed the much-awaited revised agreement on avoidance of double taxation as exchange of information would enable Islamabad to get details about those who had stashed billions of dollars untaxed money in the Swiss bank accounts. However, many critics say that the delay in signing of revised agreement might have helped those who had parked their money and now they might have withdrawn their dirty money from the Swiss banks as the FBR was making efforts to arrive at this agreement for the last two...