Govt contacts UAE for recovery of illegal wealth amassed by Pakistanis


Prime Minister’s Special Assistant on Accountability Shehzad Akbar on Saturday met with United Arab Emirates Minister of Justice Sultan Saeed Al Badi and discussed matters related to recovery of illegal wealth of the Pakistanis in the UAE.

In a tweet, the 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 said he was hopeful that both the countries will soon reach an agreement of tracing down the illegal properties acquired by the Pakistani citizens.

Addressing a press conference on November 12, Akbar had vowed that all heavyweights laundering money to UAE by using Iqama (foreign work permit) will soon be nabbed.

He claimed that $5.3 billion were laundered from Pakistan and more than 5,000 fake accounts were used in illegal transfer of above $1bn.

Pakistan is the top third country to invest in the real estate of Dubai, the PM’s special aide said.

“Initially, we are chasing people who posses assets above $1 million,” he stated.