Govt recovers Rs 530m stashed abroad

07:03 PM | 13 Mar, 2019
Govt recovers Rs 530m stashed abroad
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ISLAMABAD - Pakistan Tehreek-e-Insaf-led federal government has recovered Rs 530 million stashed abroad through its Assets Recovery Unit (ARU).

According to well-informed sources, the recovered amount of Rs 530 million has been deposited into the national kitty while efforts are underway to recover more in the near future.

The amount has been recovered after tracing offshore properties and bank accounts and a major chunk was retrieved from Singapore’s off-shore accounts, however, the details in this regard are not being made public.

Federal Investigation Agency (FIA), Federal Board of Revenue and other relevant departments also aided ARU.

Prime Minister Imran Khan, in his first address in the National Assembly after assuming charge, had vowed to bring back the 'looted' money.

The government has also established a task force to bring back money illegally shifted abroad from Pakistan.