Pakistan anti-graft body says in talks with UAE to curb money laundering, illegal assets holding

Pakistan’s National Accountability Bureau (NAB) officials speak during a media briefing in Islamabad on February 3, 2026. (AN)
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Updated 03 February 2026
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Pakistan anti-graft body says in talks with UAE to curb money laundering, illegal assets holding

  • Many Pakistanis reportedly own luxury homes and commercial properties in the UAE despite not working or having any businesses in Gulf country
  • A team of Pakistan’s National Accountability Bureau will soon visit Dubai to sign an MoU with Emirati authorities for cooperation against corruption

ISLAMABAD: Pakistan’s National Accountability Bureau (NAB) said on Tuesday it was in talks with its counterparts in the United Arab Emirates (UAE) to curb money laundering and illegal offshore asset holdings through mutual legal assistance.

Pakistan has a large diaspora in the UAE, who are a major source of foreign remittances to the South Asian country, while many Pakistanis reportedly own luxury homes and commercial properties despite not working or having any businesses in the Gulf nation.

In 2018, the Supreme Court of Pakistan was presented a report, compiled by chartered accountancy firm A.F. Ferguson, that stated that Pakistani nationals owned properties and assets worth $150 billion in the UAE, in a case relating to illegal offshore assets.

Speaking at a press conference on Tuesday, senior NAB officials said they have recently signed multiple mutual legal assistance agreements with foreign governments as they announced a record recovery of Rs6.213 trillion ($22 billion) ill-gotten money in 2025.

“A team of NAB officials will travel to Dubai in the coming weeks to sign an MoU with the UAE Accountability Authority (UAEAA) for joint cooperation against corruption,” NAB’s Director General (Operations) Amjad Majeed Aulakh said, adding that both sides have already held several rounds of talks to finalize the agreement.

Asked if Pakistan planned to crack down on individuals who purchased assets in the UAE using illicit funds, Aulakh said the anti-corruption watchdog was already tracing and repatriating assets stashed abroad via INTERPOL, the Global Operational Network of Law Enforcement Agencies (GlobE), and the Asset Recovery Interagency Network – Asia Pacific (ARIN-AP).

The Bureau’s total recoveries reached Rs11.524 trillion ($41 billion) over the past three years, with 2025 alone accounting for more than half of that amount, according to NAB Deputy Chairman Sohail Nasir. These recoveries included around 2.98 million acres of encroached state and forest land.

The watchdog is also strengthening its capacity to handle sophisticated financial crimes, including the use of cryptocurrency to evade monitoring, officials said.

“We are working on enhancing our capacity,” Aulakh said. “However, those using crypto for money laundering or corruption are eventually caught when they attempt to convert it into movable or immovable assets.”

Such investigations are increasingly supported by artificial intelligence-assisted tools, blockchain analysis and digital forensics, he added.


Pakistan to maintain hard line on Afghanistan after strikes as Taliban vows military response

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Pakistan to maintain hard line on Afghanistan after strikes as Taliban vows military response

  • Islamabad blames Afghanistan’s ‘guerrilla mindset’ for escalating tensions between the two countries
  • Afghan Taliban spokesperson denies militant presence in his country, accuses Pakistan of hitting civilians

ISLAMABAD: Pakistan vowed on Wednesday to continue its current policy toward Afghanistan unless the Taliban leadership abandons its “guerrilla mindset,” days after Islamabad carried out airstrikes inside Afghan territory, sharply escalating tensions between the two neighbors once again.

Pakistan conducted intelligence-based strikes overnight into Sunday in Afghanistan’s eastern Nangarhar and southeastern Paktika provinces, saying it had targeted camps of the banned Tehreek-e-Taliban Pakistan (TTP), its affiliates and Daesh-linked fighters.

Islamabad has long accused Kabul of allowing militant groups to use Afghan soil to launch attacks on Pakistani civilians and security forces, a charge the Taliban deny. The two sides also clashed in October last year, leading Pakistan to close key border crossings for bilateral and transit trade.

State Minister for Interior Talal Chaudhry told Geo News that Pakistan had attempted dialogue but would now persist with practical measures if the Taliban failed to change course.

“They call themselves a state, but they have not yet emerged from their guerrilla mindset,” he said.

“Now, with the practical steps we are taking, we want to change their behavior and see them in the form of a state,” he added.

Pakistan blamed a string of recent suicide bombings in Islamabad, Bajaur and Bannu on militants operating from Afghan territory before launching the latest strikes.

Chaudhry said Afghanistan had been acting like “an irresponsible neighbor,” warning that his country’s current approach would continue if attacks inside Pakistan persisted.

“This war will be won, and all this will end,” he said. “If it is not resolved the straight way, then it will be completely ended by a hard-line approach.”

Meanwhile, Kabul has condemned the airstrikes as violations of its sovereignty and said civilians were killed.

In an interview with Al Arabiya, Taliban government spokesman Zabihullah Mujahid also pledged to respond militarily.

“It would be a military response, but its details are confidential and I cannot explain further,” he said.

Mujahid rejected Pakistan’s allegations that TTP or Daesh militants operate from Afghan soil, saying security problems inside Pakistan were domestic in nature.

“Afghan soil is not allowed to be used against anyone,” he said, adding that Kabul had carried out extensive operations against Daesh and eliminated its presence in Afghanistan.

The 2,600-kilometer border between the two countries remains a vital trade and transit route, but crossings have faced repeated closures amid rising tensions, disrupting commerce and humanitarian movement.

Several regional countries, including Saudi Arabia, Türkiye and Qatar, have sought to mediate between the two countries, though their military exchanges risk further destabilizing their ties.