SECP taking bold steps to check money-laundering

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Islamabad—Special Assistant to Prime Minister on Revenue Haroon Akhtar says Securities and Exchange Commission of Pakistan (SECP) is taking bold steps to check money-laundering in the country. Addressing a seminar in Islamabad on Wednesday evening, he said business and foreign investment is being badly affected by money laundering.
He said the government has introduced new laws in companies’ ordinance, and it will be helpful to enhance foreign investment in the country. He said a Memorandum of Understanding will be signed with Swiss government to return Pakistani wealth transferred illegally from Pakistan.—NNI