While addressing the Financial Accountability, Transparency, and Integrity (FACTI) on the sidelines of the 75th virtual session of the United Nations General Assembly, Prime Minister Imran Khan has proposed a 9-point action plan to curb the flow of money laundering from developing countries.
PM Khan revealed that more than $7 trillion is transferred out of developing countries through illegal channels each year, adding that these countries lose around $500 to $600 billion annually on account of tax evasion.
$7 trillion in stolen assets is parked in safe tax haven destinations all over the world.
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The premier stressed upon the meeting participants to put an end to the bleeding developing economies and strengthen international cooperation to hold the financial criminals accountable.
Here is the detailed 9-point agenda tabled by PM Imran during the meeting of FACTI.