Prime Minister Imran Khan urges ‘haven’ Countries to return all stolen assets

Government of PakistanPrime Minister Imran Khan urges ‘haven’ Countries to return all stolen assets

ISLAMABAD, Pakistan: Prime Minister Imran Khan on Thursday asked the “haven” Countries to immediately and unconditionally return all foreign assets that are shown to be stolen or whose “legitimacy” cannot be explained.

While addressing the virtual launch event of the Final Report of the High-Level Panel on International Financial Accountability, Transparency and Integrity for achieving the 2030 Development Agenda, Imran Khan said that US$ 7 trillion in stolen assets are parked in the financial “haven” Countries.

Imran Khan said that the flight of these vast resources from the developing Countries is a principal cause of their under-development, poverty, inequality, and political.

Prime Minister Imran Khan said that the United Nations should initiate various steps including negotiations on the new international tax cooperation and anti-money laundering legal instruments. He called for the establishment of a UN Coordination, Adjudication, and Mediation mechanism on illicit financial flows. He said that Pakistan will work actively with all like-minded Countries to realize these vital objectives.

The prime minister endorsed the Panel’s proposals which include the application of international “values” of honesty and integrity to all financial transactions, strengthening policy frameworks, and reforming relevant institutions dealing with these illicit financial flows.

Imran Khan said that national and cross-border financial transactions should be regulated under a “values-based” system, encompassing accountability, transparency, legitimacy, fairness, inclusion, and equity. He said that global financial governance must improve and policies on illicit flows must be implemented in a coordinated and coherent way by national and international institutions and bodies. He said that international bodies dealing with tax matters, corruption, and illicit financing should not be used as instruments of pressure and coercion against developing countries.

The prime minister said that the magnitude of the illicit financial flows is staggering can have a transformational impact on the development prospects of the developing Countries if returned.

Imran Khan said that recovery of the stolen assets will enable the developing Countries to eradicate poverty, reduce inequalities, build back better after the COVID crisis, address climate change and strengthen human rights.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Global peace today is confronted with ever evolving threats and challenges, says COAS Gen Asim Munir

Global peace is confronted with ever-evolving threats and challenges, says COAS Gen Asim Munir

0
Islamabad, Pakistan: General Syed Asim Munir, Chief of Army Staff (COAS) has said that global peace today is confronted with ever-evolving threats and challenges.He...

Pakistan conducted a successful test-fire of ballistic missile by a Navy ship

0
Islamabad, Pakistan: Pakistan has conducted a successful test-fire of an indigenously developed ballistic missile by a Navy ship, reports DND News Agency from Islamabad.The...
The author Dr. Attia Anwar is a consultant family physician with a postgraduate degree from the Royal College of GP UK. She is a strong advocate of health and well-being and wants patient participation in decision-making regarding health.

Altruism is new egotism

0
By Dr Attia AnwarKindness is another thing that makes your life better. It is very important for the pursuit of happiness. After expressing gratitude...
Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Pakistan today on a two-day official visit and he will hold meetings with civil and military leadership of Pakistan. This is his first visit to Pakistan after Israel attacked Iran in response to Iranian attack on certain Israeli cities. His meetings with Prime Minister Muhammad Shehbaz Sharif and Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar are confirmed. Foreign Minister Araghchi will hold consultations on the situation in the Middle East and Pakistan-Iran bilateral relations. This visit provides an important opportunity to advance cooperation and dialogue between Pakistan and Iran on a wide range of areas including trade, economic, energy and security.

Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Islamabad

0
Islamabad, Pakistan: Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Islamabad today on a two-day official visit and he will hold meetings with...
War Model Criminal Justice Model Punitive Justice System and Restorative Justice System

Anti-Terrorism (Amendment) Bill 2024: Can Pakistan mitigate terrorism only with the ‘War Model’?

0
DND ReportThe re-emergence of terrorism in Pakistan is now obscuring Pakistan’s potential to become an investment-oriented destination. Today, Pakistan depends upon the ‘War...
Advertisement