Special Assistant to Prime Minister on Accountability Shehzad Akbar on Saturday met with United Arab Emirates Minister of Justice and discussed matters related to recovery of unlawful wealth of the Pakistanis in the UAE. In his tweet, PM's special assistant said, "Recently met with UAE Minister of Justice Sultan Saeed Al Badi to discuss setting up operational liaison between both the countries for exchange of information and signing bilateral accords for seeking information and recovery of unlawful wealth."
Akbar was optimistic that both the countries will soon reach an agreement of tracing down the illegal properties acquired by the Pakistani citizens. Shehzad while addressing a presser on November 12 vowed that all heavyweights laundering money in by using Iqama (foreign work permit) will soon be nabbed. Assistant to PM on accountability had said, 5.3 billion US dollars were laundered from Pakistan and more than 5000 fake accounts were used in illegal transfer of above $1 billion. Pakistan is the top third country to invest in the real estate of Dubai, PM's special aide said.
Presenting the figures, Akbar mentioned, in last decade, Pakistanis bought properties in Dubai, which worth $15 billion. "Initially, we are chasing people who posses assets above $1 million," he stated.
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