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Reading: Laws to be amended to put all debt-related responsibilities at one place
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PhotoNews Pakistan > Business > Laws to be amended to put all debt-related responsibilities at one place
Business

Laws to be amended to put all debt-related responsibilities at one place

Web Desk
By Web Desk Published July 22, 2014 1 Min Read
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The government has given an undertaking to the International Monetary Fund to amend the anti-money-laundering law and at least six other legislations and put together all debt-related responsibilities at one place by September this year.

Sources said the proposed amendments would be shared with an IMF mission by mid-August before tabling them in the National Assembly.

The government is reported to have assured the IMF that in order to enable the use of anti-money laundering tools to combat tax evasion it has already started preliminary work for including tax crimes in the schedule of offences of the 2010 Anti-Money-Laundering Act.

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