There will be a complete crackdown on money laundering: Pak PM Khan

Lahore: Pakistan's Prime Minister Imran Khan has blamed previous ruling elites for the devaluation of the rupee, and promised to tackle money laundering.

Addressing the National Assembly in Islamabad, Khan spoke on a wide range of issues, including the link between money laundering and depreciating Pakistani currency.

He said, “Devaluation of rupee occurred due to current account deficit of 19.5 billion dollars the PTI government inherited. The biggest reason of shortage of dollars in the country is money laundering which was used by previous ruling elite. When ruling elite engages in practice of money laundering, it is not in a strong moral position to stop other people of doing so.

“Fake accounts were used for siphoning of money to take it abroad. There will be a complete crackdown on money laundering. All our facilities are being provided to lure the foreign investment into the country.”