$11 billion money laundered from Pakistan to foreign countries

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$11 billion money laundered from Pakistan to foreign countries

ISLAMABAD - Special Assistant to the Prime Minister on Accountability, Barrister Shahzad Akbar Sunday said almost 11 billion dollars had been transferred from Pakistan to other foreign countries through money laundering done in previous regimes, of which recovery of one billion dollars was in progress.

Talking to a private media channel, he said memorandum of understanding (MoUs) had been signed with different countries which would pave ways to recover looted national wealth.

He said the Sharif family had made illegal transition of money to abroad and it could not escape from punishment now.

The special assistant said the previous governments had not revamped the national institutions rather deteriorated them.

He said the National Accountability Bureau (NAB) was working independently and there was no interference in its matters.