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Pakistan beat Bharat in stashing away funds

Pakistan beat Bharat in stashing away funds


Money unbroken by Pakistanis in Swiss banks has up by over sixteen per cent to one.5 billion francs (over Rs 10,000 crore).

Zurich: Defying a worldwide trend, cash unbroken by Pakistanis in Swiss banks has up by over sixteen per cent to one.5 billion francs (over Rs 10,000 crore), that is over what Indians have in Swiss banks.



As per the newest information discharged by Switzerland's financial institution SNB, the entire funds connected to Islamic Republic of Pakistan in Swiss banks stood at CHF one,513 million at the tip of 2015, up nearly sixteen per cent from CHF one,301 billion a year agone. This enclosed funds amounting to CHF one,477 million command directly by Pakistani nationals and entities and CHF thirty six million through fiduciaries or wealth managers. this can be the second straight year of rise in Pakistan- connected funds in Switzerland-based banks.

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