ISLAMABAD: World Bank has responded to the reports of $4.9 billiontransfered from Pakistan to India and dismissed these claims and said theywere false.
The Organisation’s local office claimed that its 2016 Remittances andMigration Report does not give information on money laundering and does notname any individuals.
“In the past day, there have been media reports citing the World Bank’sRemittances and Migration Report of 2016. These media reports areincorrect,” the World Bank’s press release read.
The press release also claimed that the Remittances and Migration Reportwas an effort to estimate migration and remittances numbers across theworld.
“The report does not include any mention of money laundering nor does itname any individuals,” according to the WB handout.
NAB had earlier launched an inquiry into reports that former Prime Ministerand beleaguered PML-N leader Nawaz Sharif had laundered US$4.9 billion toIndia’s finance ministry.