The National Accountability Bureau (NAB) has been elected as the head of the Anti-Corruption Forum of South Asian Association for Regional Cooperation (SAARC).

An official press release issued by NAB said the anti-graft watchdog was the “role model” not only for Pakistan but also for entire SAARC countries as NAB had been unanimously elected as chairman of the organisation’s Anti-Corruption Forum, which was a great achievement for Pakistan.

NAB’s performance is lauded by SAARC countries, national and international organisations like Transparency International (TI), World Economic Forum (WEF), Pildat and Mishal Pakistan.

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In addition, “Pakistan is the only country with whom China has signed a memorandum of understanding (MoU) for eradication of corruption,” the press release said.

From the beginning, NAB has managed to recover Rs328bn and returned the money to affected people, government and private departments without keeping a single rupee of its share, deposited all recoveries in the national exchequer, says the press release.

NAB has established its own research academy for the capacity building of investigation officers (IOs) on modern lines. Moreover, it has also established a forensic science laboratory at its Rawalpindi office for scrutinising of documents, analysing fingerprints and digital data.  

NAB has also established an anti-money laundering cell in its headquarters.