PM Imran Khan sends high powered delegation to Switzerland for Pakistanis banks accounts information

[The Eagle]

PM Imran Khan sends high powered delegation to Switzerland for Pakistanis banks accounts information
6 Sep, 2018

ISLAMABAD - Special Assistant to Prime Minister Imran Khan on accountability, Shahzad Akbar has said Prime Minister Imran Khan had directed the foreign ministry to send a high-powered delegation to Switzerland to expedite ratification of a treaty on exchange of information on bank accounts.

“Unfortunately the treaty has been dumped in files since 2012 intentionally by the previous rulers, instead of being ratified.

Now the prime minister has issued directives to immediately ratify the treaty so that the government can get information regarding transfer of corruption money into Swiss banks by the Swiss authorities,” he added.

Responding to a question about the total amount of money laundered abroad, the special assistant said it would be difficult to say what it was but the main thing was that the government was committed to retrieving it.

Mr Akbar said the prime minister was so concerned about the recovery of looted money that he would himself monitor the progress of the task force and other relevant departments in this regard.

Information Minister Fawad Chaudhry said the prime minister wanted uniform curriculum not only in private and public sector schools but also in seminaries.

“Different modes of education in different types of schools is the source of disparity in our education system and divides our children in different categories,” he said.

The minister said introducing uniform curriculum in the whole country was not an easy task but the federal government was committed to doing that with the cooperation of the provincial governments.

“We know that education, health, sanitation and provision of potable water are provincial subjects but they will be driven from the Centre,” he added.

Education became a provincial subject after the 18th Amendment and the decision of uniform curriculum is expected to spark a controversy in the country over the ‘centre’s interference’ into provincial affairs.

 

[MBT 3000]

so money will be given back?

 

[TMA]

so money will be given back?

Will Pakistan leave the usurious banking system?

 

[Dotachin]

so money will be given back?

Nope. Only information. Then its your job to plug tax evasion.

https://www.oecd.org/tax/transparency/automaticexchangeofinformation.htm

 

[MBT 3000]

Nope. Only information. Then its your job to plug tax evasion.

https://www.oecd.org/tax/transparency/automaticexchangeofinformation.htm

ok

 

[Trango Towers]

If it can be proven the money was stolen or gained from illegitamate means then it will be very hard for switzerland nkt to comply considering all the drama around money laundering

 

[VCheng]

You will get "Thenga"!

The treaty will go through the formal processes to be ratified, and that is important, going henceforth. The real important detail is whether it will be retroactively applied, and from what date? That will be far harder to achieve.

 

[Trango Towers]

Pakistan should make a law like russia that if yiu can prove where your money came from and have paid taxes then its yours else it belongs to the people of pakistan

 

[Asian.Century]

Wow great work PM Khan.

 

[Hakikat ve Hikmet]

If it can be proven the money was stolen or gained from illegitamate means then it will be very hard for switzerland nkt to comply considering all the drama around money laundering

And, please don't underestimate that CATSCAN image of 2 brains - one healthy, the other eaten by corrupts with the laundered money...

The treaty will go through the formal processes to be ratified, and that is important, going henceforth. The real important detail is whether it will be retroactively applied, and from what date? That will be far harder to achieve.

If Imran Bey can fight for 22 years against the corrupts while they were in power, it'll be much easier when they aren't...

 

[Complex Variable]

Is it possible to get the records of people who had iqama/Residence Permit/Work Permit etc in other countries and opened a bank account from there?

Technically they are not Pakistani for swiss banking system.

 

[Solomon2]

The treaty will go through the formal processes to be ratified, and that is important, going henceforth. The real important detail is whether it will be retroactively applied, and from what date? That will be far harder to achieve.

Which treaty is IK talking about? This one on double taxation and information sharing? If it hasn't been ratified then even if it's ratified tomorrow it doesn't take effect until next year at least (see Article 28).

 

[VCheng]

Which treaty is IK talking about? This one on double taxation and information sharing? If it hasn't been ratified then even if it's ratified tomorrow it doesn't take effect until next year at least (see Article 28).

What IK is doing is throwing up a useful smokescreen that gives the impression of doing a lot while achieving very little, Classic Pakistani Techniques 101.

 

[Solomon2]

What IK is doing is throwing up a useful smokescreen that gives the impression of doing a lot while achieving very little, Classic Pakistani Techniques 101.

The flaw with a CPT101 dismissal is that IK has kept himself on top of the issue rather than delegating it to a potential scapegoat. This has been effective in the past: remember how B. Bhutto improved Pakistani vaccination rates by accepting personal responsibility for the program, even vaccinating her daughter on television?

 

[VCheng]

The flaw with a CPT101 dismissal is that IK has kept himself on top of the issue rather than delegating it to a potential scapegoat. This has been effective in the past: remember how B. Bhutto improved Pakistani vaccination rates by accepting personal responsibility for the program, even vaccinating her daughter on television?

Just give it some more time. General Zia rode a bicycle to work too. Such moves always fall flat.