*ISLAMABAD – Special Assistant to the Prime Minister on AccountabilityShahzad Akbar has made new revelations over the money laundering and theaccords with friendly countries.*
*He on Sunday said that the government would sign agreements with China andthe UAE for the exchange of information and joint investigation to checkthe money laundering.*
“Nine to ten billion dollars of money laundering was annually taking placefrom Pakistan. Since the relevant institutions such as the FIA have beenactivated and being fully supported, therefore, cases of corruption andthose of fake accounts are being unearthed,” he said while addressing apress conference in Islamabad.
The special assistant said the system had been streamlined. He said aspecial asset recovery unit had been established in the PM office which wasworking under his supervision.
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He said that the previous governments were responsible for current economicsituation of the country. He said besides huge debt burden, the losses ofpublic sector enterprises stood over one trillion rupees.
Shahzad Akbar said the government had finalized a broad based mutual legalassistance law to obtain evidence from foreign jurisdictions aboutfinancial crimes and mega corruption cases involving Pakistanis.
