Tuesday, May 11, 2021
Home Top Stories 'FATF praised Pakistan for effectively meeting action plan'

‘FATF praised Pakistan for effectively meeting action plan’

By Uzma Zafar

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar said on Sunday that Pakistan is undergoing two action plans at the Financial Action Task Force (FATF).
Hammad Azhar took to Twitter and said that Pakistan is undergoing two action plans at FATF. He added, “One being the most challenging and comprehensive ever given to any country.”
The federal minister said that the laws passed through the parliament focus on both October evaluation and upcoming evaluation planned mid next year, whereas, the legislations reflect clearance of the backlog of the last 10 years. He detailed that Pakistan’s legal effort hailed as a role model for other countries to follow during the plenary meeting of FATF.
Azhar said that interplay of two evaluations and requirements of laws was discussed in detail during parliamentary committee meetings.
Azhar said that the federal govt is now focusing on the implementation of the laws for the effectiveness of the evaluation planned ahead. With Indian exposed malice failing to have Pakistan rendered blacklisted earlier on Friday, FATF had kept the country on the grey list appreciating the reforms it carried out. The FATF committee had acknowledged Pakistani efforts in curbing all the erstwhile concerns flagged by the global terror-financing watchdog and has extended Pakistan a period until February 2021 to satisfy all of 27 concerns.
According to the Finance Ministry, Pakistan had made progress on all 27 points of action plan recommended by the FATF to exit from the grey list. It further read that the member states lauded the progress made by the country on the action plan as Pakistan took comprehensive action against hawala and hundi setup, currency smuggling, and financing of the terrorists.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Modi slammed for ignoring warnings of deadly Corona wave

DM Monitoring NEW DELHI: The government of Indian prime minister Narendra Modi is under fire with criticism pouring in from all over for ignoring the...

COAS pushes for peace in Afghanistan

-Arrives in Kabul for a day-long visit -Meets Afghan leadership -Emphasizes on Afghan peace process -Ghani acknowledges Pakistan’s efforts for peace  -This visit comes at a time...

Govt decides to re-open probe into Hudaibiya mills

-Info Minister terms case as ‘main source of corruption of Sharif family’ -Sees Shahbaz, Nawaz main suspects in this case -Says PM given detailed briefing...

Lockdown brings gradual decline in fresh Covid cases

-Decline trend noted in Covid fatalities, new infections -Positivity rate of new cases recorded at 9.12% -3,447 cases with 78 deaths reported across the country -The...

Recent Comments