ISLAMABAD: Finance Minister Senator Ishaq Dar on Saturday left for Paris to sign Multilateral Convention on Mutual Administrative Assistance in Tax Matters with Organisation of Economic Cooperation and Development (OECD).
Ishaq Dar would sign this historic agreement on behalf of the Government of Pakistan in Paris on September 14, sources added.
The OECD has a representation of 100 countries. The finance minister, in a statement, said that the OECD has invited Pakistan to become its member as we fulfil its requirements, and we will be going to sign of the convention on September 14, 2016, adding that the federal cabinet has also accorded approval in this regard. He said that the agreement would be implemented by the end of 2017 and would be fully activated form the years 2018-19.
He said the credit of singing this important agreement went to the present government as no governments in the past 70 years had bothered to think about it.
He said that after signing the treaty, Pakistan would have access to auto information about tax data.