The World Bank has denied as “incorrect” media reports in Pakistan that former prime minister Nawaz Sharif allegedly laundered $4.9 billion to India. The World Bank in a statement said, “In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports were incorrect. The World Bank’s Remittances and Migration Report is an effort by the World Bank to estimate migration and remittances numbers across the world, it said. The World Bank also referred to a statement by the State Bank of Pakistan which rejects estimates of USD 4.9 billion in remittances from Pakistan to India on September 21, 2016, and provides an explanation of the methodology used in the World Bank report and the official remittances numbers.

Source: Hindustan Times May 09, 2018 08:23 UTC