Pakistan’s Ministry of Finance has joined the Common Reporting Standard by signing on to the Multilateral Competent Authority Agreement (MCAA), bringing the total number of signatories to 90 countries. As such, Pakistan will aim to begin the Automatic Exchange of Information (AEOI) for its reportable accounts in 2018.
By signing on to this agreement, Pakistan commits to the implementation of the Standard for Automatic Exchange of Financial Account Information for all Financial Institutions within its jurisdiction.
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