ISLAMABAD -$11 billion transferred from Pakistan to foreign states throughmoney laundering, it has been reported.
Special Assistant to the Prime Minister on Accountability, BarristerShahzad Akbar Sunday said almost 11 billion dollars had been transferredfrom Pakistan to other foreign countries through money laundering done inprevious 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 torecover looted national wealth.He said the Sharif family had made illegal transition of money to abroadand it could not escape from punishment now.The special assistant said the previous governments had not revamped thenational institutions rather deteriorated them.He said the National Accountability Bureau (NAB) was working independentlyand there was no interference in its matters.
