Pakistani Finance Minister Ishaq Dar has cited figures from Swiss government and banking officials that claim Pakistanis have illegally stashed some $200 billion in Swiss bank accounts.
Dar said in a written reply to the National Assembly on May 9 that "one of the directors of Credit Suisse AG stated on the record that $97 billion dollars' worth of Pakistani capital was deposited only in his bank."
Dar also wrote to the Pakistani parliament that former Swiss Foreign Minister Micheline Calmy-Rey said the total amount of Pakistani money hidden in Swiss bank accounts is some $200 billion.
Dar said in his statement the problem needs to be addressed immediately and noted that Pakistan's external debt is some $150 billion.
Corruption and tax evasion are major problems for Pakistan.
Based on reporting by dawn.com, nation.com, and dpa