NEW YORK: Pakistan while calling for accelerating the efforts at international level for preventing illegal flows of assets has stressed that international community should work in unison against illegal financial flows.
This was said by Pakistan’s Permanent Representative to UN Maleeha Lodhi while speaking at a high-level meeting on growing problem of illicit financial flows that adversely affect economic progress, especially in the developing countries.
Maleeha Lodhi said Pakistan’s firm resolve against corrupt practices calls for a more proactive role by its partners in line with international legal instruments, including the UN Convention Against Corruption.
She said estimates of Pakistan’s stolen financial resources stashed abroad run into millions of dollars, for which the government seeks international cooperation to complement its intensified domestic efforts
She said that illicit financial flows causes harm to developing countries. Technical problems make the return of assets difficult for developing countries.