ZURICH: Switzerland is the world’s most-corrupt country, with a “high secrecy score of 76.” It’s followed by the US and the Cayman Islands. The index ranks countries for the assistance their legal systems provide to money-launderers, and to all people who seek to protect corruptly-obtained wealth. The higher the secrecy score, the more corrupt the government is. In order to create the index, a secrecy score is combined with a figure representing the size of the offshore financial services industry in each country. According to the report, the United States’ secrecy score (60) is rising, which results in attracting corrupt wealth. In 2013, the US was in the sixth place, and in 2015 it took the third in the rating. Cayman Islands, Hong Kong, Singapore, Luxembourg, Germany, Taiwan, the United Arab Emirates, and Guernsey closed out the top-10 most corrupt countries. The least corrupt nations among the 112 covered in the rating were San Marino, St. Lucia, St. Vincent and the Grenadines, and Montserrat.
Commerce ministry seeks one-year ban on transfer of used cars imported by overseas Pakistanis
ISLAMABAD: The Ministry of Commerce has asked provincial governments to strictly enforce the one-year restriction on transferring used vehicles imported...
