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‘Task Force’ mulled for bringing looted money back: Asad

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From Our Correspondent

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI), leader Asad Umar has said a task force would be established to bring the looted money back to Pakistan.

Umar, who is being tipped as the finance minister, in the upcoming PTI government was talking to reporters here yesterday. “We will have discussion with foreign experts for bringing back the looted money of Pakistan.”

Umar was told by finance ministry experts at an introductory meeting that Pakistan’s gross forex reserves would slip below $9 billion by the end of September even after securing a $2 billion official inflow from China and arranging $1.4 billion commercial loans over the past two months.

Faced with multiple challenges on economic front and limited options availale, Umar came up with the decision to recover billion laundered to Middle East, UK and off shore companies.

Quoting the former finance minister Ishaq Dar’s statement, he said 200 billion dollars were kept in the Swiss banks.

All out efforts would be made to steer the country out of the economic and agriculture problems, he said, adding without improving agriculture, poverty alleviation could not be done.

To a question, he said the indirect taxation, which affects the common man, would be reduced.

All important measures would be taken to improve the working of the institutions so that better results in the economic sector could be achieved in an appropriate manner, he said.

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