Banking woes

Published March 7, 2015

WE often hear that every Pakistani wants to leave this country for greener pastures abroad. I did not believe it fully but a recent occurrence changed my mind.

Having been in the merchant navy for two decades, I have a dollar account in one of the leading local banks. Recently when a cheque was presented for withdrawal, the bank simply declined to honour my request, citing non-delivery of US dollars by the State Bank.

On inquiry, the manager was kind enough to inform me that the dollar shortage had been there for the last six months and that the bank was helpless.

Now I have decided to close my bank account and invest the money abroad or in some foreign bank. Better still, I would like to migrate somewhere where my own hard-earned money is safe and delivered to me when demanded.

Jaffar Naqvi

Lahore

Published in Dawn March 7th , 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

Editorial

Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
19 May, 2024

Students in Kyrgyzstan

BEING stranded on foreign shores is hardly an agreeable experience. And if the environment is hostile — as it...
Ominous demands
Updated 18 May, 2024

Ominous demands

The federal government needs to boost its revenues to reduce future borrowing and pay back its existing debt.
Property leaks
18 May, 2024

Property leaks

THE leaked Dubai property data reported on by media organisations around the world earlier this week seems to have...
Heat warnings
18 May, 2024

Heat warnings

STARTING next week, the country must brace for brutal heatwaves. The NDMA warns of severe conditions with...