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FATF

Like it or not, CPEC is Pakistan’s need: FM Qureshi

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that whether one likes it or not, CPEC is a need of Pakistan. According to details, speaking on a private TV program, Foreign Minister Shah Mehmood Qureshi said that there has been

The FATF sham

The decision by the Financial Action Task Force (FATF) on June 25 to keep Pakistan on the grey list despite successfully complying with 26 out of 27 demands came as a shock to most Pakistanis and outside observers. I too

Retaining on FATF’s list

The Financial Action Task Force (FATF) has decided to retain Pakistan on the “increased monitoring list”, also known as the grey list, till it completes the action plan. This 27-point comprehensive action plan included taking action against money laundering and

No justification to keep Pakistan in FATF’s grey list: FM Qureshi

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi said Pakistan had fulfilled 26 out of 27 action items of the Financial Action Task Force (FATF) and there was no justification to keep the country in the grey list. The foreign minister in

EU appreciates Pakistan’s progress on FATF action plan

ISLAMABAD: European Union (EU) welcomed the progress made by Pakistan in the implementation of the Financial Action Task Force (FATF) action plan and commitment to continue engagement to address remaining issues. EU appreciated Pakistan’s efforts towards full implementation of the

FATF to review Pakistan’s implementation on action plan today

ISLAMABAD: Pakistan has made progress on 26 points of the action plan by the Financial Action Task Force (FATF) as a review group will meet today virtually to examine the implementation process. The FATF had asked Pakistan to implement the

Pakistan remains on grey list

The Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list until June 2021. This has been the fourth time Pakistan has been given an extension and has said to have made ‘significant progress’ but there

FATF likely to announce decision on retaining Pakistan in greylist

The three-day virtual meeting of the Financial Action Task Force (FATF) has ended in Paris.   According to the sources, the decision on retaining or removing Pakistan’s name from the grey list will be announced today at 9:30 pm. The president

Pakistan likely to exit FATF’s grey list: Sources

ISLAMABAD: Pakistan is expected to make it out of the Financial Action Task Force (FATF) grey list this year. Pakistan has sent its latest report to the Paris-based global watchdog on the progress in significant counter-terrorism, counter-terrorism and money laundering

Another FATF reprieve

Despite the high expectations ahead of the plenary session, the Financial Action Task Force (FATF) has decided to retain Pakistan on its grey list of anti-money laundering and terror financing regimes. The decision is not entirely surprising as Pakistan has

Pakistan enjoys broad international support on FATF: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has expressed that some circles are propagating baseless information about negative voting in the FATF meeting. In a tweet on Saturday, Hammad Azhar wrote that FATF, Financial Action Task Force has acknowledged

Pakistan to remain on FATF grey list till Feb 2021

ISLAMABAD: The Financial Action Task Force (FATF) has decided to keep Pakistan on its ‘grey list’ until February 2021, the watchdog’s president said today (Friday). FATF President Marcus Pleyer announced the decision at a virtual press conference held after the

FATF to decide Pakistan’s fate on greylist today

ISLAMABAD: The Financial Action Task Force (FATF) is expected to make a final decision today on whether to retain Pakistan on the grey list of anti-money laundering and terror financing regimes. The FATF President will give a press briefing on

FATF decides again

Pakistan’s fate once again hangs in the balance as the Financial Action Task Force (FATF) holds its plenary session. The bigger question on everyone’s mind remains whether Pakistan will be removed from the grey list or face sanctions. Pakistan has

FATF meets to decide Pakistan’s fate on grey list

ISLAMABAD: Pakistan is likely to remain on the grey list of the Financial Action Task Force (FATF) as it has been unable to comply with six of the 27-point action plan. The Paris-based global watchdog on global terror financing and

FATF’s Asia Pacific Group retains Pakistan on ‘enhanced follow-up list’

ISLAMABAD: The Asia-Pacific Group (APG) on Money Laundering has retained Pakistan on its “Enhanced Follow-Up” list for insufficent progress on technical recommendations of the Financial Action Task Force (FATF) to fight money laundering and terror financing. The first Follow-Up Report

FATF virtual meeting to be held on October 21

ISLAMABAD: The virtual meeting of the Financial Action Task Force (FATF) will be held from 21st to 23rd October. According to sources, the FATF meeting will decide to remove Pakistan from the grey list while reviewing the performance on the

FATF bills passed

The parliament has finally passed three crucial bills related to the Financial Action Task Force (FATF) regarding terror financing and money laundering. This comes amid a looming deadline before the global body reviews Pakistan’s progress on the action plan. It

Opposition and FATF laws

The government is working against a ticking clock to pass FATF-related legislation before the progress is reviewed. These efforts to avoid a blacklist and triggering sanctions suffered a setback as two bills were blocked in the opposition-dominated Senate, leading the

Govt to hold talks with opposition on NAB law, FATF action plan

ISLAMABAD: The government and opposition parties will discuss on Monday amendments to the National Accountability (NAB) laws and the Financial Action Task Force (FATF) action plan. The two sides will deliberate and arrive at a consensus on the powers of

Pakistan ensuring completion of FATF Action Plan: Sheikh tells UN

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said Pakistan as a responsible member and was ensuring the earliest completion of the Financial Action Task Force (FATF) Action Plan. The adviser was delivering

FATF, IMF relief

Amid the ongoing gloom and doom due to coronavirus pandemic, it is hard to even imagine any temporary relief and glad tiding. Global trade is expected to fall by one third and the world is in the midst of a

Pakistan has made significant progress on FATF action plan: minister

ISLAMABAD:  Federal Minister for Economic Affairs Hammad Azhar on Saturday said Pakistan has made significant progress on implementation on the Financial Action Task Force (FATF) action plan in the last year. “Pakistan has made significant progress at FATF in the

Finance Adviser thanks China on support in FATF meetings

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh met Ambassador of China Mr Yao Jing on Friday to review the preparations of the upcoming visit of the Chinese President Xi Jinping. The meeting took

Pakistan has made efforts in improving counter-terror financing: China

BEIJING: The Chinese foreign ministry on Friday said a majority of Financial Action Task Force (FATF) members recognised Pakistan’s efforts in improving its counter-terrorism financing (CTF) regime and will continue offering assistance in this regard. Addressing the regular press conference,

Another FATF meeting

The fate of Pakistan is once again in the hands of the Financial Action Task Force (FATF) to be moved from the so-called grey list. A plenary session of the FATF is being held in Paris to review progress made

Govt has worked hard to combat money laundering: Hammad Azhar

ISLAMABAD: Minister for Economic Affairs Hammad Azhar has said that Pakistan’s government has worked very hard to combat money laundering and terrorism financing. Hammad Azhar took to Twitter and said, “It is premature to comment and speculate on the decision

Other countries will also revisit their travel advisory like UK: FM Qureshi

MULTAN: Foreign Minister Shah Mahmood Qureshi has expressed the hope that other countries would also revisit their travel advisory for Pakistan like United Kingdom. While talking to journalists in Multan, FM Qureshi said that UK’s decision to revise its travel

FATF to determine Pakistan’s fate today

BEIJING: After the final round of talks with the officials today, the Financial Action Task Force (FATF) will make its final decision on Pakistan’s removal from its grey list. Reports claimed that Pakistan briefed FATF officials on the measures taken

FATF, Pakistan officials continue holding discussion in Beijing

BEIJING: Pakistan’s officials and the Financial Action Task Force continued discussion in Beijing, where Islamabad’s compliance update on the four-month improvement on the FATF action plan was checked. According to the sources, FATF officials were briefed on four-month progress in