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Under Imran-Khan govt, corruption, money laundering are key issues faced by Pak

Speed News Desk | Updated on: 23 February 2022, 9:46 IST

Under the present Imran Khan led government, corruption and money laundering are the 'most important issues faced by Pakistan, local media reported.

Notably, a leak of data from a leading Swiss bank has revealed information about 600 accounts linked to 1400 Pakistani citizens. The leaked account holders include several key politicians and generals, including the ex-ISI chief, General Akhtar Abdur Rahman Khan, according to data from Credit Suisse, an investment banking firm registered in Switzerland.

Following this, Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain on Monday acknowledged the issues of corruption and money laundering in Pakistan, The Express Tribune reported.

"Panama, Pandora and now the story of Swiss accounts . . . First, steal the [public] money and then move it abroad," the media outlet quoted him as saying.

However, Credit Suisse's data leak is not the first incident to have caused a debate on these matter in Pakistan. The 2016 Panama Papers, the 2017 Paradise Papers and the 2021 Pandora Papers all explain the pervasive problem of corruption and money laundering in the country.

In the meantime, busting of the multi-national money-laundering and human trafficking racket run by Pakistanis in Paris has raised serious questions about Pakistan's written commitments to the anti-terrorist-financing watchdog, Financial Action Task Force (FATF) which is set to hold its plenary session, said a media report.

According to Geopolitica.info, there is a serious panic that funds transferred by this gang would have been used by terrorist and extremist groups in Pakistan, which depend on "informal" channels to fund their activities.

(With ANI inputs)

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First published: 23 February 2022, 9:46 IST