Joining OECD Convention to bring transparency in governance: Dar

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Joining OECD Convention to bring transparency in governance: Dar

ISLAMABAD, Nov 5 (APP): Minister for Finance Muhammad Ishaq Dar
Saturday said Pakistan’s fiscal regime stood strengthened by joining
the Organization for Economic Cooperation and Development (OECD) Multilateral Convention which would bring further transparency and
openness in governance.
Chairing a meeting here to review the steps being taken by the
government to ensure good governance, improve transparency and to curb
the menace of corruption, the minister said Pakistan had recently become a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
He directed that inter ministerial consultation should be undertaken to determine Pakistan’s readiness for accession to other international conventions and protocols which create transparency and openness in governance.
He said the OECD Convention on Combating Bribery of Foreign
Public Officials in International Business Transactions and the Open Government Partnership (OGP), an initiative of the UK Government,
should both be reviewed and recommendations should be made on
Pakistan’s preparedness for joining these multilateral fora.
He said accession to the multilateral agreements would augment Pakistan’s efforts to combat fiscal crime and further strengthen its compliance framework on anti corruption.
The minister directed that all necessary steps for joining both for a should be undertaken expeditiously.
The meeting was attended by Secretary Finance Dr Waqar Massod,
Special Assistant to Finance Minister Tariq Pasha and other senior
officials of the Finance Ministry.