Sons of Pakistan's Chief justices

Tax evasion is considered a crime in civilized societies. In Pakistan how ever Arslan Iftikhar the son of the Chief Justice found it convenient to admit Tax fraud as a lesser evil and this leaves people of Pakistan disenchanted over the manner case is being handelled. Mr Ifitikhar was found guilty of evading tax worth Rs 53 milion by the Suddle commision, set up by the supreme court of Pakistan.

There is a general feeling in Pakistan that Pakistan's economic problems are due to tax evasion by influential people. 

Read More on corruption in Pakistan 

Corruption in Federal Revenue Department

Corruption in Telecom Sector 

Corruption by the Former Air Chief Asghar Khan (allegations by the former Army chief

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MCB Bank facing liquidity problems

MCB bank is owned by Mansha Group of Mian Muhammad Mansh who enjoys cordial relations with Pakistan's prime minister Nawaz Sharif. There are unconfirmed reports that the group has paid heavy amount to the government and as a result it is out of cash. The bank is now hold cash of its account holders by delaying payments. Say for instance it now takes 4 to 5 days to clear bank drafts insteasd of overnight clearance as is practiced by the other banks.

The bank has closed its ATMs without any announcement and warning to its consumers. Finding it opportune to solve its liquidity  problems the bank has decided to close down its ATM network on the protest of Long march which is held in Islamabad some 40 km away from some of its branches.

In Pakistan MCB Bank has stopped all its ATMs in Rawalpindi.