Federal cabinet forms task force to bring money illegally stashed abroad

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The federal cabinet on Wednesday decided to establish task forces to bring back money illegally stashed abroad and improve the education system in the country.

Prime Minister Imran Khan chaired the meeting of the federal cabinet at the PM House. The cabinet reviewed an eight-point agenda and important decisions were taken during the meeting.

Following the meeting, Information Minister Fawad Chaudhry held a press conference detailing the 8-point agenda.

Chaudhry said the cabinet has decided to establish a task force to bring back money which illegally stashed abroad by Pakistanis. A unit has been established at the Prime Minister House to overlook the process of bringing back money from abroad, he said.

The task force will submit a report to the prime minister and Supreme Court every two weeks, he added.

The information minister also announced a reward of Rs20 million by the government for anyone who identifies a Pakistani illegally owning property worth Rs1 billion abroad.

The names of whistle-blowers would not be disclosed, added Barrister Shahzad Akbar who flanked the information minister during the press conference.