Pakistan loses 10 billion annually to money laundering, says Murad Saeed

ISLAMABAD – Minister of State for Communication, Murad Saeed said on Tuesday that Pakistan loses $10 billion annually to money laundering, gauging that the daily corruption in the country was over 2 billion as per authentic reports.

Speaking on the floor of the National Assembly, he said country’s tax net was being expanded, lamenting that due to the worst performance of previous government, country’s institutions including Pakistan International Airlines (PIA) had sustained whooping losses during the last five years.

‘Foreign Chief Executive Officer (CEO) of PIA stole an aeroplane of PIA and sold it. Ishaq Dar fled from the country in the special plane of former Prime Minister. Rs 450 billion were paid by the previous government to Independent Power Producers (IPPs) immediately after taking charge of the government in 2013 that too without conducting an audit,’ highlighted the minister.

Saeed explained that due to bad governance, the country’s circular debt had reached Rs 1,152 billion.

The minister elaborated that the opposition was criticizing the government for converting the Prime Minister House into university.

‘The previous government had appointed their own cronies in each and every department. Their priority was to appoint their own close confidants as head of each institution rather than making appointments on merit,’ said the minister.

Murad Saeed further alleged that the former chairman National Database and Registration Authority (NADRA) Tariq Malik was compelled to leave the country and Pakistan Awami Tehreek (PAT) workers were brutally murdered in Model Town Lahore by the previous regime.

More from this category

Advertisment

Advertisment

Follow us on Facebook

Search