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Today's Paper | November 05, 2024

Published 03 Jul, 2013 07:48am

British ‘cash bond’ for Asians

ACCORDING to news reports, before entering England all citizens of India, Pakistan, Nigeria, Sri Lanka, Bangladesh and Ghana would have to provide a cash bond of 3,000 pounds to the United Kingdom government.

I wonder who will, from these countries, visit the United Kingdom if its government adopts such an unfair tactic to collect money to avert the financial crises being faced by them in view of their huge spending and mismanagement.

India has already raised objection. Will Pakistan also dare to raise objection? If not, then will Pakistan announce reciprocal arrangement that every British citizen who arrives in Pakistan, will have to provide cash bond equivalent of 3,000 pounds i.e., around Rs450,000 to the Pakistani government.

This is a new tactic of the British government for exploiting Asians of their resources.

First, they reduced interest rate on deposits, mostly placed by the Asians (almost to zero per cent).

However, that tactic did not help them fully to avert their financial crises due to their over spending. Now new tactics are being adopted to exploit the people of Asian countries.

ABBAS ALI MOHAMMEDKarachi

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