Finance Minister Ishaq Dar told the National Assembly on Wednesday that Pakistan will soon sign an agreement with Switzerland on exchange of information regarding bank accounts.
He informed that several meetings have been held with the Swiss authorities and they have now invited Pakistan to sign the agreement on March 21.
According to Radio Pakistan, Dar said Pakistan has already signed the Multilateral Convention on Tax Matters with the Organization for Economic Cooperation and Development (OECD) on September 14, 2016 which is going to be operationalized next year. He said Pakistan is the 104th member of the Organization.
He said after the operationalization of this convention, it will be impossible to keep tax evasion money in these countries.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app