World Bank Denies Reports that Nawaz Sharif Laundered $4.9 Billion to India

Date:

Former Pakistani prime minister Nawaz Sharif.

WASHINGTON (PTI) — The World Bank on Tuesday described as incorrect media reports in Pakistan about allegations that former prime minister Nawaz Sharif laundered $4.9 billion to India.

In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports were incorrect, the World Bank said in a statement.

The World Bank’s Remittances and Migration Report is an effort by the World Bank to estimate migration and remittances numbers across the world, it said.

The report does not include any mention of money laundering nor does it name any individuals, said the World Bank, which was issued after media reports cited its annual report for allegations that Mr Sharif laundered $4.9 billion from Pakistan to India.

In its annual report, the statement said that the World Bank estimates bilateral remittances between countries using the methodology summarised in the World Bank Working Paper 102 South-South migration and remittances by the authors of the report.

The World Bank also referred to a statement by the State Bank of Pakistan which rejects estimates of $4.9 billion in remittances from Pakistan to India on September 21, 2016, and provides an explanation of the methodology used in the World Bank report and the official remittances numbers.

theclarionindia
theclarionindiahttps://clarionindia.net
Clarion India - News, Views and Insights about Indian Muslims, Dalits, Minorities, Women and Other Marginalised and Dispossessed Communities.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Telangana BJP MLAs Refuse to Take Oath before Akbaruddin Owaisi

HYDERABAD - The newly-elected BJP MLAs in Telangana Assembly...

Regional Top Diplomats Visiting US Refuse to Discuss Gaza’s Future

WASHINGTON - There must be an immediate end to...

Mayawati Expels Danish Ali from BSP For ‘Anti-Party Activities’

LUCKNOW - Lok Sabha MP Kunwar Danish Ali, who...

Over 5,000 Israeli Soldiers Injured since Oct. 7, with 58% Seriously: Israeli Media

GAZA CITY - More than 5,000 Israeli soldiers have...