Dar leaves for Paris to ink agreement with OECD

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ISLAMABAD, Sept 10 (APP): Minister for Finance Senator Muhammad Ishaq Dar Saturday left for Paris to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters with Organization of Economic Cooperation and Development (OECD).

The agreement will be signed on September 14. The OECD has representation of 100 countries.

The Finance Minister, in a statement, said the OECD had invited Pakistan to become its member. “We fulfill its requirements and we will be going to sign the Convention on September 14, 2016,” he said, adding that the Federal Cabinet had already accorded its approval in that regard.

He said the agreement would be implemented by the end of 2017 and fully activated form the fiscal year 2018 19.

He said the credit of singing the important agreement would go to the present government as none in the last 70 had bothered to think about it.

After signing the treaty, Pakistan would have access to auto information about tax data, he added.