$10 billon annual money laundering from Pakistan, two accords with friendly countries on cards
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*ISLAMABAD - Special Assistant to the Prime Minister on Accountability Shahzad Akbar has made new revelations over the money laundering and the accords with friendly countries.*
*He on Sunday said that the government would sign agreements with China and the UAE for the exchange of information and joint investigation to check the money laundering.*
“Nine to ten billion dollars of money laundering was annually taking place from Pakistan. Since the relevant institutions such as the FIA have been activated and being fully supported, therefore, cases of corruption and those of fake accounts are being unearthed,” he said while addressing a press conference in Islamabad.
The special assistant said the system had been streamlined. He said a special asset recovery unit had been established in the PM office which was working under his supervision.
He said that the previous governments were responsible for current economic situation of the country. He said besides huge debt burden, the losses of public sector enterprises stood over one trillion rupees.
Shahzad Akbar said the government had finalized a broad based mutual legal assistance law to obtain evidence from foreign jurisdictions about financial crimes and mega corruption cases involving Pakistanis.