Prime Minister Najib Abdul Razak said Umno and BN are in agreement with the political funding reforms suggested by the National Consultative Committee on political financing today.

However, Najib said, this is something that must be agreed to by all parties, including the opposition.

"This is something the government has fought for. We need new political financing laws that are more transparent and can be monitored by objective and neutral parties.

"This method needs to be agreed to by both sides. Even though BN agrees, the opposition must also agree.

"Thisproposed  new law will affects all parties," Najib said at a press conference at the Putra World Trade Centre after the monthly Umno supreme council meeting today.