NAB has recovered Rs278b ‘looted public money’

Staff Reporter

Karachi—Director Investigation, Financial Crime, NAB Zafar Iqbal Khan said the National Accountability Bureau (NAB) has so far recovered ‘looted public money worth Rs. 278 billion.
He was speaking at a seminar organized at the University of Karachi, a University statement said on Friday.
Zafar Iqbal Khan said corruption was a global menace and almost every country was suffering from it. Corruption harms the governance and affect the economic growth, he added.
He said NAB was established in 1999 through an ordinance which was later became an act of the parliament in the 17th amendment. NAB launched national anticorruption strategy in 2002 for nationwide efforts for the eradication of corruption.
He said that economic growth needs exemplary accountability system. NAB has so far recovered looted public money worth Rs 278 billion since its inception which was a great achievement.
Zafar informed that NAB has signed a Memorandum of Understanding (MoU) with Higher Education Commission in order to include anti-corruption and ethics in the curriculum of the varsities.

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