Lahore: A high-level meeting, jointly chaired by Federal Minister for Interior Mohsin Naqvi and Federal Minister for Finance Muhammad Aurangzeb, was convened in Lahore to address the issue of money laundering. The government has decided to launch a comprehensive crackdown against money laundering and Hawala-Hundi operations.

According to Radio Pakistan, the meeting concluded with a resolution to take strict action against major business entities involved in transferring funds abroad through illegal channels. The decision underscores that no leniency will be shown towards individuals and organizations engaged in these illicit activities. Additionally, it was determined that funds must be transferred abroad only through banking systems and other legal channels.

The participants of the meeting also agreed on the need to streamline the process of outward remittances through money changers. During the meeting, the Interior and Finance Ministers highlighted the importance of bringing major money launderers to justice and made it clear that the business of Hawala-Hundi would not be tolerated under any circumstances.

In a bid to enhance monitoring and ensure effective implementation of the decisions, the meeting resolved to establish a joint working group comprising the State Bank of Pakistan and the Federal Investigation Agency. This group will focus on monitoring progress on all related matters, reflecting the government's commitment to curbing illegal financial activities.