At a time when the country is struggling to meet its international financial obligations and the foreign exchange reserves of the country are falling rapidly, people would be surprised to know that only 11 big people have transferred dollars worth Rs. 38bn rupees out of the country in one month alone. This information was obtained from the directors of one of the largest foreign exchange company in Pakistan who were arrested a few days ago.

It is being reported in the press that influential politicians and bureaucrats are involved in this illegal transfer of money from country. Price of dollar had risen to more than 86 rupees a dollar because of illegal transfers on such a large scale. I urge the government to make the inquiry report public and take action against all those who are found guilty after an impartial investigation.