International investors taking keen interest to invest in Pakistan: PM
ISLAMABAD (92 News) – Prime Minister Imran Khan said on Wednesday that renowned international investors are taking keen interest to invest in Pakistan due to investor-friendly policies and better facilities for ease business in Pakistan.
Talking to 8-member delegation 25 countries who took part in Islamabad Summit, he said the government believes in providing profitable trade environment and opportunities to international investors and business community. He said this will increase trade activities which will helpful for job creation.
Meanwhile, Secretary General Economic Cooperation Organization (ECO) Dr Hadi Soleimanpour called on Prime Minister Imran Khan in Islamabad.
The secretary general briefed the prime minister about background and activities of the ECO.
Discussing the challenges faced by the Organization, the Prime Minister ensured the Secretary General of full support of his Government.
He hoped that under the able supervision of Dr Hadi the Organization will achieve its objectives. He also wished success for the Secretary General’s reform agenda.
Govt decides to amend Anti Money Laundering Act 2010
Earlier today, the government has decided to amend the Anti-Money Laundering Act 2010 to bring individuals involved in money laundering to the book.
This was apprised during a high-level meeting chaired by Prime Minister Imran Khan on Wednesday.
Law Minister Muhammad Farogh Nasim briefed the meeting that relevant clauses of the anti -money laundering law will be included in Anti-Terrorism Act. He said under the proposed amendments, trial of all crimes will be completed within six to 12 months.
The law minister said the proposed amendments will declare money laundering cognizable and non-bail able offence. He said imprisonment sentence will be enhanced up to ten years and fine be increased to five millions.
Director General Federal Investigation Agency FIA told the meeting that the Agency has registered 131 cases under Foreign Exchange Regulation and Anti-Money Laundering Act and ceased 423.304 million rupees apprehending 198 culprits.
The Federal Board Revenue (FBR) chairman briefed the Prime Minister about actions being taking regarding foreign assets and money laundering by the Board.