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ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said that Pakistan remained committed to the earliest completion of its Financial Action Task Force (FATF) tasks.
In his tweet, Hammad Azhar wrote about the country’s progress over the completion of its task given by the FATF.
Azhar wrote, “Pakistan remains committed to the earliest completion of its FATF Action Plan. FATF Plenary is a technical process. Irrespective of and without speculating on any final decision at the plenary, we look forward to an acknowledgment of significant progress that Pak Authorities have made.”
Pak remains committed to the earliest completion of its FATF Action Plan.
FATF Plenary is a technical process. Irrespective of and without speculating on any final decision at the plenary, we look forward to acknowledgment of significant progress that Pak Authorities have made.— Hammad Azhar (@Hammad_Azhar) February 12, 2020
The FATF, an inter-governmental body that combats money laundering will meet the Pakistani delegation in Paris for five days to decide on Pakistan’s grey list fate on 16th February.
The FATF last year decided to keep Pakistan on its grey list till February> It gave the country a time to implement the FATF’s 27-point action plan.
The FATF had put Pakistan on its grey list in June 2018 because of deficiencies in the country’s Anti-Money Laundering and Countering of Terrorist Financing regulations.
Read more: Will Pakistan be blacklisted by FATF?
