NAB law needs revision for business community, says Asad Umar
ISLAMABAD: Federal Minister of finance Asad Umar said National Accountability Bureau’s (NAB) law needed revision given fear it has lately instilled in Pakistani business community.
Speaking to a local TV channel, Umar acknowledged that anti-graft watchdog has started probing business sector now and was taking action, and that many businesspersons are now fearful of impending doom at its hands.
Business community should be freed from NAB fear, he said, adding that for this to stop, there needed to be an amendment in NAB law.
Umar referred to prevalent best atmosphere in the private sector and mentioned that “only some” in undocumented economy were wrong but not everyone.
Federal minister further talked about amnesty scheme, explaining that at present, there were two opinions about it: one was to make it so expansive that a majority of people can benefit from it, and the other was that if it was made to cater to many, it would be criticised.