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Chinese firm turns down corruption charge in CPEC project

Islamabad: Communication Minister Murad Saeed’s remarks on Rs 70 billion corruption in a CPEC project — the Sukkur-Multan motorway — is awarded to Chinese state-owned company that won the contract and undertook the project. “China State Construction Engineering Corporation Ltd [CSCEC] feels extremely shocked by the recent groundless allegations made …

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Pakistan’s ‘grey list’ fate hangs in balance as FATF meets in Paris on Feb 17

The International Financial Action Task Force is going to review measures taken by Pakistan to stop money laundering and terror financing next week. The European Commission put forward the idea of putting country’s name on the black list. Pakistani government has finalized a meeting with FATF to devise a strategy. The …

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