OECD invites Pakistan to sign its Multilateral Convention
They will provide administrative assistance in tax matters.
The US Deputy Secretary of Treasury Ms. Sarah Bloom Raskin telephoned Finance Minister Ishaq Dar and thanked for Pakistan's support in re-election of Dr. Jim Yong Kim as President of the World Bank Group for another five-year term.
The Finance Minister informed her that the World Bank and Dr. Kim had been partners of Pakistan in key infrastructure projects. He said Dr. Kim had an impressive performance for global economic revival, development and poverty alleviation, therefore Pakistan was the first country to propose his re-election.
Ishaq Dar informed that the Organization for Economic Cooperation and Development has declared Pakistan compliant with its systems and invited it to sign its Multilateral Convention on Administrative Assistance in Tax matters. He said he would be signing the convention in the presence of Secretary General OECD in Paris on 14th of this month. He said this signing has been duly authorized and approved by the Federal Cabinet.
Secretary Raskin congratulated the Finance Minister on this achievement and said it would greatly benefit Pakistan.
Both sides also agreed to hold a bilateral meeting on the sidelines of the upcoming annual meetings of World Bank and IMF in Washington in October this year.