KARACHI: The Financial Monitoring Unit (FMU) of State Bank of Pakistan (SBP)

It may be mentioned here that in several cases of money laundering and tax evasion, persons involved in corruption and evasion of billions of rupees were given bail against nominal security deposits. An official said Courts acted as per law, but there is a need to make amendments so that accused in such cases, who are usually rich, should be granted bail only against deposit of security deposits matching the amount involved in the cases. The official said money laundering is one of the reason Pakistani rupee value declined.