Pakistan’s Permanent Representative to the United Nations, Maleeha Lodhi while speaking at a high-level meeting on growing problem of illicit financial flows, has called for more coherent collaboration at national and international levels to prevent and counter illicit financial flows.
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. The Pakistani envoy also called for addressing loopholes that impede developing countries’ ability to combat illicit financial flows.
“Other major hurdles include lack of sufficient political will and familiarity with procedural requirements, secrecy, different evidentiary standards, differences in legal procedures, and delays in responding to mutual legal assistance requests,” she added.
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