The Finance Minister said that Pakistan has recently become a
signatory to the OECD Multilateral Convention on Mutual Administrative
Assistance in Tax Matters. He said that Pakistan’s fiscal regime stands
strengthened by joining this Convention, which will bring further
transparency and openness in governance.
The Finance Minister directed that inter-ministerial consultation should
be undertaken to determine Pakistan’s readiness for accession to other
international conventions and protocols which create transparency and
openness in governance. He said that OECD Convention on Combating
Bribery of Foreign Public Officials in International Business
Transactions and the Open Government Partnership (OGP), an initiative of
the UK Government should both be reviewed and recommendations should be
made on Pakistan’s preparedness for joining these multilateral fora. He
said that accession to these multilateral agreements will augment
Pakistan’s efforts to combat fiscal crime and will further strengthen
our compliance framework on anticorruption. The Finance Minister
directed that all necessary steps for joining both fora should be
undertaken expeditiously.
The meeting was attended by Secretary Finance Dr. Waqar Massod, Special
Assistant to Finance Minister Tariq Pasha and other senior officials of
the Finance Ministry.
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