PM wants anti-money laundering efforts 'doubled up'

Published February 20, 2019
The prime minister reiterates that money laundering poses a serious threat to the country and therefore calls for drastic measures. — File
The prime minister reiterates that money laundering poses a serious threat to the country and therefore calls for drastic measures. — File

Prime Minister Imran Khan on Wednesday instructed his cabinet to "double up" their efforts to curb money laundering, and made it clear that those indulging in the practice are "the nation's enemies and do not deserve any leniency".

The prime minister made those remarks during a high-level meeting called to review progress on efforts being made to curb the menace of money laundering.

The premier condemned the practice, saying: "by embezzling public funds and moving them abroad to amass personal fortunes, not only did the country encounter a severe financial crisis [due to the actions of these individuals], but the nation was thrust in a quagmire of loans."

Read: Money laundering to be made non-bailable offence

The prime minister reiterated that money laundering poses a serious threat to national security and therefore calls for drastic measures. He directed the authorities to "ensure that crime becomes an expensive [risk] and that criminals do not go scot-free".

Earlier in the meeting, the secretary interior had briefed the prime minister about progress on administrative and legislative measures taken so far to specifically combat money laundering.

The PM-chaired meeting was also attended by Law Minister Dr Farogh Naseem, Prime Minister's Special Assistant on Accountability Shahzad Akbar, DG ISI Lt Gen Syed Asim Munir Ahmed Shah, chairman FBR, DG Anti-Narcotics Force, home secretaries and other senior officers.

Opinion

Editorial

Football elections
17 Nov, 2024

Football elections

PAKISTAN football enters the most crucial juncture of its ‘normalisation’ era next week, when an Extraordinary...
IMF’s concern
17 Nov, 2024

IMF’s concern

ON Friday, the IMF team wrapped up its weeklong unscheduled talks on the Fund’s ongoing $7bn programme with the...
‘Un-Islamic’ VPNs
Updated 17 Nov, 2024

‘Un-Islamic’ VPNs

If curbing pornography is really the country’s foremost concern while it stumbles from one crisis to the next, there must be better ways to do so.
Agriculture tax
Updated 16 Nov, 2024

Agriculture tax

Amendments made in Punjab's agri income tax law are crucial to make the system equitable.
Genocidal violence
16 Nov, 2024

Genocidal violence

A RECENTLY released UN report confirms what many around the world already know: that Israel has been using genocidal...
Breathless Punjab
16 Nov, 2024

Breathless Punjab

PUNJAB’s smog crisis has effectively spiralled out of control, with air quality readings shattering all past...