NAB will become meaningless if opposition's proposals followed: FM Qureshi

NAB will become meaningless if opposition’s proposals followed: FM Qureshi

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Islamabad: Foreign Minister Shah Mahmood Qureshi said on Tuesday that the National Accountability Bureau (NAB) will become meaningless if the opposition’s recommendations are implemented.

Speaking in the House of Commons, he said that the opposition’s draft implies that money laundering will be eliminated from the NAB law. If this happens, the anti-corruption gatekeeper will become meaningless.

He said that the government wants Pakistan to leave the grey list of the Financial Action Task Force (FATF), so it is necessary to enact emergency legislation on the four bills, adding that the three requirements of the FATF are transparency, accountability and cooperation with international organizations. .

Qureshi urged the opposition to delink its request to amend the National Banking Law from the legislation on fulfilling international obligations to remove Pakistan from the grey list of the Financial Action Task Force.

He said that the PTI government is working hard to prevent India’s efforts to include Pakistan on the FATF list. He said that the opening policy of the Indian government is to push Pakistan from the FATF gray list to the black list. He said that India intends to push Pakistan to the blacklist for the purpose of imposing international economic sanctions on our country, which will naturally damage foreign investment and cause unemployment.

The minister said that the opposition has proposed 35 amendments to the National Banking Law in exchange for its cooperation in the legislation of the Financial Action Special Organization. He said that Prime Minister Imran Khan could not undermine his core agenda to fight corruption, and the opposition should reconsider its request to amend the national banking law.

FM Qureshi went on to say that the amendments proposed by the Pakistan Muslim League-Nawaz and the Pakistan People’s Party included the implementation of the accountability law on November 16, 1999, squeezing the term of the chairman of the National Bank , There are fewer than 1 billion corruption cases. The rupee should stay away from the authority of NAB and separate Pakistan from NAB in order to link Pakistan’s evidence law with the legal aid required for international cooperation.

“Opposition also wants to allow a person to become member of the parliament even if an individual is declared convicted by the NAB and his or her appeal is pending before the concerned forum,” he said.

“The PML-N and the PPP has proposed that a person, declared disqualified for holding public office on charges of corruption for 10 years, should be reduced to five years,” he said and added their demands include that any case older than five years should not fall in the ambit of the NAB law. Moreover, they have also proposed deletion of six different offences like cheating at public at large.

The minister also said that the opposition should review and reconsider their demands in the country’s best interests, adding that if the 35 amendments proposed by the opposition are approved, it will deprive Pakistan of passing legislation to take Pakistan out of the country. The achievements of the country range from the grey list of FATF to the white list.

However, the Minister of Foreign Affairs made it clear that the government has no intention to extend the term of the current chairman of the National Bank.

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