Federal cabinet decides 20 percent reward to recover looted money stashed abroad

radio pakistan

Cabinet decides to introduce a law through an ordinance providing for a 20 percent reward for helping to recover the looted money stashed abroad
The Federal Cabinet, which met in Islamabad today with Prime Minister Imran Khan in the chair, took several decisions for recovery of corruption money and the wealth stashed abroad illegally.
Briefing the 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 introduced immediately through an ordinance envisaging reward worth 20% for those who would help recover looted 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 desaptch 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 Fawad Chaudhry 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 have been abolished and the money returned to the Finance Ministry.
The Cabinet took notice of a media report about premature commissioning of Tarbela Extension-4 Project causing a loss of 25 billion rupees to the national exchequer.
A task force has been constituted on education led by Minister for Education Shafqat Mehmood.
The Minister said that task force will include prominent educationaists, represenatives of Madaris and skill development departments. First objective is to bring 250 million out of school children to education network.
A uniform school education and certification system would be enforced throughout the country. It was decided to consult provinces regarding increasing fee by the private schools.
In addition, it was decided that funds will be spent on establishing centres for Street Children and women.
The cabinet gave instructions to provide easy access in all buildings for disabled people, both at federal and provincial levels.
Fawad Chaudhry said the 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.
The Minister said the cabinet directed the Ministry of Foreign Affairs to collect data of over 10,000 Pakistanis incarcerated in various countries. Of these, 3,000 are in Iran mostly on drug related offences.
As Iran has amended its anti-drug law in recent days, it is hoped a large number of Pakistanis will get relief.
To a question, the Minister said Islam is religion of peace and rights of minorities will be protected by the government.

Comments are closed.