PROMISE

Establish Asset Recovery Unit and Trace Unlawful Wealth

Led by:

Special Assistant to the Prime Minister on Accountability

Initiative: 

“Ensure full autonomy to NAB, and establish a special task force to recover looted national
wealth parked in offshore tax havens. Recovered wealth will be used on poverty alleviation
programmes and for national debt reduction.”

Note: Commitment to ensure autonomy to NAB is addressed through a separate deliverable

Milestones of federal government: 

  • Task force to recover unlawful wealth established and functioning - Complete
  • Assets Recovery Unit set up in the PM Office and fully operational - Complete
  • Mutual Legal Assistance Bill 2018 finalized - Complete
  • Declaration of UK/Pakistan Justice and Accountability partnership - Complete
  • Update on work done by the taskforce published at the end of 100 Days - Complete

Progress update for first 100 days 

Accountability is at the core of this government, and since day one the Prime Minister has
prioritized delivery on this initiative. In the first 100 days, the Special Assistant to the
Prime Minister on Accountability has:

  • Established an Assets Recovery Unit with representation from FIA, NAB, FBR,
    SBP/FMU and experts on white collar crime and anti-money laundering
  • Entered into UK/Pakistan Justice and Accountability partnership entailing substantial
    financial and operational support by UK government for recovery of unlawful wealth
  • Traced over USD 5.3 billion of unlawful wealth of Pakistan hidden overseas
  • Signed and ratified bilateral treaty with Switzerland for the exchange of financial
    information
  • Initiated the process of bilateral treaties on extradition and Mutual Legal Assistance
    with UK, UAE, and China

Next Steps: 

  • Hold a press conference in December with a detailed progress update on work done in
    first 100 days and way forward
  • Initiate forensic audits of mega-projects across Pakistan

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Each life is made up of mistakes and learning, waiting and growing, practicing patience and being persistent.

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