Islamabad, October 09, 2020 (PPI-OT): Pakistan has called for creating a robust mechanism for the return of stolen assets of developing countries that illicitly flow to haven nations. Speaking at a debate on global economic issues, Deputy Permanent Representative of Pakistan to the UN, Aamir Khan told the General Assembly’s Second Committee, that these flows stifle economic growth in the developing countries and condemn their poor population to a life of inequality and indignity.

He called as shocking the findings in last month’s report of the Panel on Financial Accountability, Transparency and Integrity that billions of dollars annually go out of the developing countries in illicit financial flows. He said this exploitation of the poorer countries must stop. He said the bodies monitoring illicit financial flows should not be used for financial or political coercion of developing countries.

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