SBP is­sues new coin on IACD

The Financial Daily - - NATIONAL -

KARACHI: Cor­rup­tion is a com­plex so­cial, po­lit­i­cal and eco­nomic phe­nom­e­non that af­fects all coun­tries. Cor­rup­tion un­der­mines demo­cratic in­sti­tu­tions, slows eco­nomic de­vel­op­ment and con­trib­utes to po­lit­i­cal in­sta­bil­ity.

On 31 Oc­to­ber 2003, the Gen­eral Assem­bly adopted the United Nations Con­ven­tion against cor­rup­tion. The Assem­bly also des­ig­nated 9 De­cem­ber as In­ter­na­tional An­ti­Cor­rup­tion Day to raise pub­lic aware­ness for Anti-Cor­rup­tion.

The con­ven­tion en­tered into force in De­cem­ber 2005. The Fed­eral Gov­ern­ment has au­tho­rized the State Bank of Pak­istan to is­sue Rs. 50 Com­mem­o­ra­tive Coin of In­ter­na­tional Anti-Cor­rup­tion Day. These coins will be is­sued through the ex­change coun­ters of all the field of­fices of SBP Bank­ing Ser­vices Cor­po­ra­tion.

KARACHI: Ali Shab­bar Naqvi, Sub-ed­i­tor 'The Fi­nan­cial Daily In­ter­na­tional' who vis­ited Chi­nese Con­sulate Karachi along with his fa­ther (au­thor of trav­el­ogue book 'Amaz­ing China') pre­sent­ing the book to Chi­nese En­voy Liu Yuanli, hereFri­day. - Staff Photo

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