Money laundering under rulers patronage- JI Sec.Gen

MULTAN, Jan 30th: Central Secretary General of Jamaat Islami Pakistan Liaquat Baloch has alleged that plunderers of National coffers and people involved in money laundering were being patronised by the state elements inspite of this fact that Pakistan has already been issued a final ultimatum and will have to face severe financial penalties from international organisations if the country fails to upgrade its existing anti-money laundering laws before February 2010. Addressing his partymen here on Saturday he said that more than 8000 ciminals of MQM got relief and release through NRO and Government had pardoned even their murders and robberies.Liaquat Baloch said that In case of failure to do the same, Pakistan would be declared a high-risk country and the country’s letter of credit (LC) would not be honoured abroad and there would be difficulties in international trade.Since Pakistan was a signatory to various UN conventions It required laws in line with international standards to combat money laundering , the existing Anti-Money Laundering Ordinance, 2007 had already expired on November 28,2009."If the required up-gradations are not made by that time, then anti-money laundering regulations would be non-existent in the country," he said.Liaquat Baloch said that dollar was dying in the world market but it is strengthening in Pakistan against rupee.Liaquat Baloch opposed the appointment of administrator in local bodies institutions and said that Local councils elections should be held on partisan basis.He said that Jamaat Islami Shoora had decided to take part in all the by-elections

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