At the start of this week, it was decided in the parliament of the Switzerland to give accessibility to 18 countries including Pakistan to automatic exchange of financial information (AEOI). It’s great news for Pakistan, especially which will be helpful to recognize the corrupt politician’s Swiss accounts as we all know a lot of controversies in this regard.
In the agreement it is declared that Switzerland will provide information about Swiss bank accounts of the local citizens and foreign citizens as well. However, after initial deliberations, Turkey failed to reduce it due to data protection concerns. The newly-approved batch includes 18 countries, taking the total tally to 68.