‘Anti-Money Laundering Bill to help control tax evasion’

ISLAMABAD: Secretary of Finance Dr Waqar Masood Khan informed the Senate Standing Committee on Finance here on Wednesday that approval of the Anti-Money Laundering (Amendment) Bill 2014 would help control tax evasion and generate revenue.The committee, which met here with Senator Nasreen Jalil in the chair, reviewed the bill and decided to discuss further concerns and recommendations in its next meeting.Senators Syeda Sughra Imam, Haji Muhammad Adeel, Kulsoom Perveen, Islamuddin Sheikh, Sardar Fateh Muhammad, Muhammad Hassani, Muhammad Talha Mehmmood and Saleem H. Mandviwala, Governor of State Bank Ashraf Mehmood Wathra and other officials also attended the meeting.