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

Editorial

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...
Dangerous law
Updated 17 May, 2024

Dangerous law

It must remember that the same law can be weaponised against it one day, just as Peca was when the PTI took power.
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...