Govt keen to recover wealth stashed abroad illegally: Fawad

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Zahid Chaudhary

Islamabad

The PTI government is showing earnestness to retrieve the wealth stashed abroad illegally. In this regard the federal cabinet at its Wednesday meeting chaired by Prime Minister Imran Khan took very important decisions.
Later, briefing newsmen, Minister for Information and Broadcasting Fawad Chaudhary and Special Assistant to Prime Minister on Accountability Shahzad Akbar said a whistle blower law is being enforced immediately through ordinance envisaging reward worth 20% for those who would help recover such money. They said names of the informers would be kept confidential.
The Special Assistant said another ordinance on mutual legal assistance is being issued which would help remove bottlenecks in the way of seeking information from foreign countries on illegal wealth.
He said the Prime Minister has directed the Ministry of Foreign Affairs to dispatch a high powered delegation to Switzerland to expedite ratification of the treaty on exchange of information on bank accounts. He said the treaty was signed in 2013 but was not ratified.
Shahzad Akbar said the Government would also hire firms that would detect and help recover illegal money and in the case of recovery the firm would get an agreed share of the recovered amount.
He said the Prime Minister would get reports on implementation of these measures on fortnightly basis.
Minister for Information said eighty billion rupees have been saved and returned back to Finance Ministry due to the stopping of discretionary funds by Prime Minister.

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