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Cabinet takes decision for recovery of corruption money, wealth stashed abroad illegally


News Desk |

The federal cabinet on Wednesday has formed a task force to repatriate the huge amount of funds transferred abroad through the illegal practice of money laundering. Federal Cabinet on Wednesday took several decisions for recovery of corruption money and the wealth stashed abroad illegally.

The meeting was held in Islamabad with Prime Minister Imran Khan in the chair. Later briefing the newsmen, Minister for Information and Broadcasting Fawad Ch. and Special Assistant to Prime Minister on Accountability Shahzad Akbar said a whistleblower 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.

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.

Fawad Chaudhry asserted that the federal government will monitor the matters of education, health, water and cleanliness. The prime minister has also ordered an inquiry into Rs25 billion losses due to immediate launch of Tarbela project.

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 the 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. He said schemes like Prime Minister’s Laptop Scheme have been abolished and the money returned to the Finance Ministry.

Read more: PM Imran Khan decides to amend laws to curb money laundering

The Cabinet took notice of a media report about premature commissioning of Tarbela extension project causing a loss of 25 billion rupees to the national exchequer. The Cabinet also decided that education, health and water sectors will be driven from federation.

A task force has been constituted on education led by Minister for Education Shafqat Mehmood. It will include prominent educationalists, representatives of Madaris and skill development. First objective is to bring 250 million out of school children to education network.

Federal Cabinet on Wednesday took several decisions for recovery of corruption money and the wealth stashed abroad illegally.

A uniform school education and certification system would be enforced throughout the country. It has been decided to consult with provinces regarding raising of school fee by the private schools. In addition, it has been decided that funds will be spent on establishing centers for street children and women.

Read more: FIA requests formation of JIT in Supreme Court to probe money…

The cabinet gave instructions to provide easy access in all buildings for disabled people, both at federal and provincial levels. Ministry of Foreign Affairs has been directed to improve its attitude with overseas Pakistanis. A strict notice will be taken if complaints are received against the attitude of staff deputed at foreign missions and embassies worldwide.

Fawad Chaudhry asserted that the federal government will monitor the matters of education, health, water and cleanliness. The prime minister has also ordered an inquiry into Rs25 billion losses due to immediate launch of Tarbela project.

The minister told that discretionary funds worth Rs 80 billion will be returned. Speaking on the Pakistani prisoners languishing in foreign jails, Fawad said that the Prime Minister has ordered formulating the data of 10,000 inmates in 15 days.

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