Pakistan, Switzerland to ink accord on exchange of bank accounts data

Pakistan, Switzerland to ink accord on exchange of bank accounts data

ISLAMABAD: Finance Minister Ishaq Dar in a policy statement in the National Assembly on Wednesday said that Pakistan is going to sign an agreement with Switzerland on exchange of information regarding bank accounts on March 21st.

He said several meetings were held with the Swiss Authorities and now they have invited Pakistan to sign the agreement.

The Finance Minister said Pakistan has already signed the Multilateral Convention on Tax Matters with 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.

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