Ishaq Dar leaves for Paris to ink agreement with OECD

Shares
Ishaq Dar leaves for Paris to ink agreement with OECD

ISLAMABAD (APP): Minister for Finance Senator Muhammad Ishaq Dar Saturday left for Paris to sign Multilateral Convention on Mutual Administrative Assistance in Tax Matters with Organization of Economic Cooperation and Development (OECD).

Ishaq Dar would sign this historic agreement on behalf of Government of Pakistan in Paris on September 14, the sources added.

READ MORE: US Deputy Secretary of Treasury telephones Ishaq Dar

The OECD has representation of 100 countries.

The Finance Minister in a statement said that the OECD has invited Pakistan to become its member as "we fulfill its requirements and "we will be going to sign of the convention on September 14, 2016 adding that Federal Cabinet has also accorded approval in this regard"

He said that agreement would be implemented by the end of 2017 and would fully activated form the years 2018-19.

READ MORE: CPEC summit and Expo: Ishaq Dar speaks of government achievements

He said the credit of singing this important agreement went to present government as no governments in the past seventy years had bothered to think about it.

He said that after signing the treaty Pakistan would have access to auto information about tax data.