ISLAMABAD: The federal government has decided to sign agreements with Switzerland, Central Europe and Middle East nations to eliminate the illicit and secret practice of money laundering.
Information Minister Fawad Chaudhry said that authorities would be given access to the accounts of Pakistanis present in the Central European countries.
In the first phase, Pakistan will sing an agreement with Switzerland aimed at curtailing illicit and secret practice of money laundering.
The agreement will be signed in Geneva.
The information minister further added that the government will also ink different agreements with several other European and Middle East countries for the same reason.
Fawad Chaudhry reiterated government’s commitment to curb money laundering and vowed effective legislation in this regard.
