ISLAMABAD, April 17 -- On Tuesday, The federal cabinet approved to amend a law to waive death penalty for the accused persons to be extradited from the European Union (EU) as well as gave provincial counter terrorism departments the powers to investigate money laundering cases.
The provincial departments have been given the power to probe case of money laundering in a bid to fulfill conditions of the Financial Action Task Force (FATF). The latter would hold second review of the implementation of its 27-point action plan next month.
The Asia Pacific Group (APG) - a regional body styled after FATF- had declared lack of power to probe money laundering cases as a critical deficiency in Pakistani laws.
"In order to remove a hurdle in the way ...