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

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...