World Bank responds to the reports of $4.9 billion transfered from Pakistan to India

World Bank responds to the reports of $4.9 billion transfered from Pakistan to India
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ISLAMABAD: World Bank has responded to the reports of $4.9 billion transfered from Pakistan to India and dismissed these claims and said they were false.

The Organisation’s local office claimed that its 2016 Remittances and Migration Report does not give information on money laundering and does not name any individuals.

“In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports are incorrect,” the World Bank’s press release read.

The press release also claimed that the Remittances and Migration Report was an effort to estimate migration and remittances numbers across the world.

“The report does not include any mention of money laundering nor does it name any individuals,” according to the WB handout.

NAB had earlier launched an inquiry into reports that former Prime Minister and beleaguered PML-N leader Nawaz Sharif had laundered US$4.9 billion to India’s finance ministry.

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