Pakistan recovers $1.6 billion in looted wealth, compensates over 12,000 individuals and public entities

A money changer sits with a showcase, displaying Pakistan's banknotes, along a road in Karachi, Pakistan, on September 12, 2023. (REUTERS/File)
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Updated 09 August 2025
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Pakistan recovers $1.6 billion in looted wealth, compensates over 12,000 individuals and public entities

  • The recovery made in second quarter of this year marks a substantial quarterly increase of Rs365.29 billion
  • The South Asian nation ranks 135 out of 180 countries on Transparency International’s Corruption Perceptions Index

KARACHI: Pakistan’s National Accountability Bureau (NAB) said on Saturday it had recovered Rs456.3 billion ($1.6 billion) worth of looted national wealth and compensated government departments, institutions and more than 12,000 individuals.

NAB is Pakistan’s primary anti-corruption agency and its core function is to eliminate corruption by investigating allegations of corruption, misuse of authority and financial crimes. It also works to recover assets acquired through illegal means.

The watchdog said the Rs456.3 billion recovery in the second quarter of 2025 marked a substantial increase of Rs91.01 billion, compared to Rs365.29 billion recovered during the first quarter of this year.

“Out of said recoveries of Rs547.31 billion for the first two quarters of 2025, movable and immovable properties worth Rs532.33 billion have been disbursed/handed over to different Ministries & Departments of Federal and Provincial Governments as well as Financial Institutions,” it said.

“Whereas, 12,611 affectees of different cheating public at large cases have also been compensated.”

Pakistan ranks 135 out of 180 countries on Transparency International’s Corruption Perceptions Index for 2024, after falling two spots below its ranking in 2023.

In his quarterly report issued on Saturday, NAB said it remains committed to safeguarding state assets and interests of the general public and recovering funds belonging to the national exchequer.

“In the past two years, NAB has recovered a staggering total of Rs5,854.73 billion, which is 700 percent more that of Rs839.08 billion recovered since the Bureau’s inception [in 1999],” it said.

“Currently, NAB is actively coordinating with the revenue departments of all provinces to recover state assets and properties unlawfully held by corrupt elements. Preliminary estimates indicate that state land worth approximately Rs5 trillion is under illegal possession and will be reclaimed.”


Pakistan PM invites UAE investment across tech and resource sectors at National Day event

Updated 08 December 2025
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Pakistan PM invites UAE investment across tech and resource sectors at National Day event

  • Shehbaz Sharif says the UAE remains a key economic partner and continues to lend ‘critical support’ to Pakistan
  • UAE envoy says both nations have potential for cooperation in renewable energy, AI and economic diversification

ISLAMABAD: Pakistan is ready to welcome investment from the United Arab Emirates across emerging technologies and resource sectors, Prime Minister Shehbaz Sharif said on Monday, as both countries marked the 54th National Day of the Gulf country in Islamabad.

Speaking at the ceremony attended by senior ministers, diplomats and business leaders, Sharif said the UAE remained a key economic partner for Pakistan and continued to lend “critical support” to the country’s stabilizing economy.

“Pakistan takes great pride in its strategic partnership with the UAE, which continues to deepen across every domain of life,” he said. “With Pakistan’s economy stabilizing, we stand ready to welcome Emirati investment in renewable energy, AI, fintech, agriculture and minerals.”

Sharif praised the UAE’s leadership and recalled his earliest memories of the Gulf nation as “a land that believed in possibilities long before they became realities,” saying the country’s progress under President Sheikh Mohamed bin Zayed Al Nahyan commanded “profound admiration.”

UAE Ambassador Salem Al Bawab Al Zaabi said the Emirates was committed to strengthening ties with Pakistan in areas including the economy, energy and artificial intelligence.

He said the two countries shared a “deep-rooted friendship built on mutual respect, shared values and a common vision for regional peace and development.”

“We see tremendous potential for collaboration in renewable energy, artificial intelligence, sustainability and economic diversification,” the ambassador said, adding that the UAE aimed to broaden the scope of its economic relations with Pakistan.

The UAE hosts around 1.8 million Pakistani expatriates, one of the country’s largest overseas communities, who Sharif said contributed “tirelessly” to the Gulf state’s development.

Sharif and Deputy Prime Minister Ishaq Dar also joined the UAE ambassador in a cake-cutting ceremony to mark the occasion.