Masses cheated in the name of accountability for decades: ICST

Daily Times

Islamabad Chamber of Small Traders (ICST) on Sunday said masses are being cheated in the name of accountability since decades which has frustrated them.

The country cannot afford fake accountability anymore as it will not only disappoint masses but also lead to serious international sanctions on which will break the back of poor masses, it said.

The tall claims of different rulers regarding accountability has not resulted in anything but emboldened the corrupt who continued to plunder national wealth knowing that nothing will change, said Shahid Rasheed Butt, Patron ICST Shahid Rasheed Butt.

He said that the government should change preferences, stop compromises, expedite action against those involved in money laundering and push corruption cases to logical conclusion.

Shahid Rasheed Butt said that money laundering by politicians and other influential has reached to gigantic proportions attracting concern of international institutions.

Inaction against criminals to attract international sanctions

He noted that FIA, NAB, SBP, NECTA, and Financial Monitoring Unit etc. have failed to play their role in combatting corruption and terror financing which encouraged white-collar crimes.

Those involved in mega corruption cases fly from the country easily or enter into deals with the government settling everything which has drained exchequer and tainted image of the country.

The government needs to amend relevant laws, immediately expand investigations into terror financing to finally act seriously and to bring culprits to the book.

He said that FATF is to issue a report regarding Pakistan in September which can result in blacklisting of Pakistan that will be followed by international sanctions.

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