Epaper – September 25 KHI 2020

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Friday, 25 September, 2020 I 6 Safar, 1442 I Rs 15.00 I Vol XI No 86 I 12 Pages I Karachi Edition

Imran proposes measures to stop IllIcIt cashflow from developIng countrIes g

Premier says stolen assets of develoPing countries must be returned

ISLAMABAD staff report

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rime minister imran Khan on thursday called upon the international community to take steps to counter illicit flows of money, saying the “stolen assets of developing countries must be returned”, noting that billions of dollars illegally flow out of developing countries each year. according to the Prime minister’s office, Pm imran, on the sidelines of the ongoing united nations general assembly (unga) session, addressed a high-level panel on financial accountability, transparency and integrity (facti) asking the world forum to help prevent “this bleeding of the poor and developing countries”. He further said his government had come “with a robust public mandate to get rid of this menace from our country”. “$1 trillion is taken out each year by these white-collar criminals,” he noted. “$20-40 billion is in the form of bribes received by these corrupt white-collar criminals; $7 trillion in stolen assets is parked in these safe tax haven destinations; $500600 billion is lost each year in tax avoidance by multinational companies.” PRImE mINIStER ImRaN PRESENtED thE FoLLowINg mEaSuRES So that thE woRLD

mIght CuRb ILLICIt FINaNCIaL FLowS: n the stolen assets of developing countries, including proceeds of corruption, bribery and other crimes, must be returned immediately n the stories in haven destinations must impose criminal and financial penalties on their financial institutions which receive and utilise such money and assets n the enablers of corruption and bribery such as accountants, lawyers and other intermediaries must be closely regulated, monitored and held accountable n the beneficial ownership of foreign companies must be revealed immediately upon inquiry by the interested and affected governments n multinational corporations must not be allowed to resort to profit-shifting to lowtax jurisdictions for avoiding taxation. a global minimum corporate tax could prevent this practice n revenues from digital transactions should be taxed where the revenues are generated, not elsewhere n unequal investment treaties should be discarded or revised, and a fair system for adjudication of investment disputes set up n all official and non-official bodies set up to control and monitor illicit financial flows must include all the interested countries n the un should set up a mechanism to

coronavIrus In

pakIstan

CONFIRMED CASES:

308,217

LAST UPDATED AT 8:12 AM ON SEPTEMBER 24, 2020

DAY'S DEATH TOLL:

5

RECOVERED:

NEW CASES:

799

DEATHS:

294,392 6,437 SINDH:

134,845

PUNJAB:

98,686

KP:

BALOCHISTAN:

AJK/GB:

ISLAMABAD:

37,470

14,765

2,591/3,572 16,288

coordinate and supervise the work of the various official and non-official bodies dealing with illicit financial flows to ensure coherence, consistency and equity in their work. “unless these steps are taken, the difference between the rich and poor countries will keep growing,” he said, adding that the gap can worsen the migration crisis, saying it “will be dwarfed by what will happen in the future”. Pm imran added that Pakistan appreciated nigeria and norway’s initiative in establishing the panel. along with the facti panel, the premier also spoke at the ‘Poverty at a crossroad: using leadership and the multidimensional Poverty index to build back better’ event. the event was co-hosted by Pakistan and chile. earlier on twitter, the Pmo said that the facti panel is being convened to “present the interim report of the facti panel, which identifies the major gaps in the implementation and the systemic shortcomings of the existing international frameworks for tax cooperation, anti-corruption [and] antimoney laundering”. it added that the event would also “foster a discussion amongst civil society, international institutions, academia and the business sector to explore the issues highlighted in the facti panel’s interim report”. it furhter said that the forum would be used to discuss priority actions regarding recognied challenges, “particularly in light of the impact of the covid-19 crisis on progress towards the implementation of the 2030 agenda for sustainable development”. furthermore, the event would also “foster a discussion amongst civil society, international institutions, academia and the business sector to explore the issues highlighted in the facti panel’s interim report”, the Pmo added. the prime minister is also scheduled to address the unga on friday. His speech will focus on Kashmir dispute, the foreign office (fo) said earlier. in his speech at the 74th unga session last year, Pm imran had highlighted sufferings of Kashmiris and the indian action of annexing the occupied territory. the general debate, which is the centrepiece of any unga session, started from tuesday.

No private meetings with military, Nawaz tells party workers ISLAMABAD staff report

Pakistan muslim league-nawaz (Pml-n) supreme leader nawaz sharif has banned his party members from meeting with the military leadership covertly after railways minister sheikh rasheed revealed details of the private meetings. taking to twitter, nawaz on thursday said that no member of his party would hold individual, private or delegation-level meetings with the country’s military leadership. “if necessitated by national security or constitutional requirements, such meetings in the future will be approved by the party’s leadership and will be made public,” he added. nawaz said that “recent events once again prove how some meetings remain hidden behind seven veils while others are given the colour of choice through publicising them. this game should now stop.” the Pml-n supremo added that he was barring his party members from meeting representatives of military or associated agencies in order to fulfil “requisites of constitution of Pakistan and to remind

Diplomats meet victims of Indian aggression during LoC visit ISLAMABAD staff report

a delegation of foreign diplomats, defence attaches and representatives of international organisations visited the line of control (loc), the de facto border between Pakistan and india stretched along Kashmir, on thursday. the delegation included diplomats, attachés and representatives from azerbaijan, bosnia and Herzegovina, the european union, Portugal, saudi arabia, south africa, turkey, greece, australia, iran, iraq, the united Kingdom, Poland, uzbekistan, germany, switzerland, france, egypt, libya, yemen and afghanistan, as well as representatives from the united nations World food Programme. inter-services Public relations (isPr) director general major general babar iftikhar told the foreign diplomats that there had been some 2,333 indian ceasefire violations and unprovoked firing incidents across the loc during 2020 leaving 18 civilians martyred, 185 injured. He said that the indian army was deliberately targeting the civilian population with heavy

the armed forces to comply with their oath”. nawaz’s statement comes a day after the railways minister sheikh rasheed ahmad said that some senior politicians of the party, such as senior Pml-n leader and former sindh governor muhammad Zubair, had held two meetings with the military leadership, including the army chief. When the details of these covert meetings were revealed, Pakistan People’s Party (PPP) leader bilawal Zardari bhutto had said that those conversations were meant to be confidential and that certain people needed to refrain from revealing their details. Pml-n’s ahsan iqbal and maryam nawaz had also denied reports of any one-on-one meeting military army leadership and said that rasheed was lying about the meeting. later, inter-services Public relations (isPr) director-general majorgeneral babar iftikhar had revealed in a tv talk show that “mr Zubair twice met the army chief, once in the last week of august and then on september 7 in the presence of director-general isi”.

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more inside

Pakistan records highest one-day rise in Covid cases in two months STORY ON PAGE 03

nePra approves rs1.62 per unit hike in power tariff weapons, which was a violation of international law, whereas the Pakistan army being a professional army only targeted the military posts. major general iftikhar said that india was firing indiscriminately on the civilian population to increase provocation in an attempt to divert the global attention from the oppression in the illegally occupied Kashmir (ioK). india, he added, was committing grave human rights violations in ioK and had increased ceasefire violations on the loc since 2014. the isPr dg noted that india used cluster ammunition on innocent civilians in the neelum valley on July 30 and

31. international bodies, especially the united nations Human rights commission (unHcr), had highlighted indian oppression in their various reports, he added. major general iftikhar said that the Kashmir issue needed to be resolved in accordance with the united nations (un) resolutions. Pakistan, he said, had always welcomed the visit of the united nations military observer group for Pakistan and india, international media, and diplomats to any area of the loc and provided them access to the local population to assess the ground situation themselves.

former australian cricketer dean Jones dies of heart attack

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STORY ON PAGE 11

STORY ON PAGE 03

100 medicines see 262pc price hike after govt’s approval STORY ON PAGE 04


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