FATF blacklisting: Major positive development reported for Pakistan from three friendly countries

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FATF blacklisting: Major positive development reported for Pakistan from three friendly countries

*ISLAMABAD: Over the issue of Financial Action Task Force blacklisting, Major positive development reported for Pakistan from three friendly countries. *

Three friendly countries have assured Pakistan of full support at the Financial Action Task Force (FATF) meetings scheduled to take place from October 13 in Paris. Their backing is expected to thwart India’s nefarious designs of trying to get Pakistan’s name placed on the black list.

“If three member states announce their support for Pakistan, its name cannot be included in the FATF black list,” a senior officer of the finance ministry told The Express Tribune on Monday.

Sources said Pakistan lobbied three friendly states ahead of the FATF meetings and Malaysia, China and Turkey announced their support for Pakistan.

They said that there was no chance that Pakistan’s name would be included in the black list, but if its name was not withdrawn from the grey list, it would remain there for another six months.

A technical team of Pakistan, headed by Financial Monitoring Unit director general, has reached China and will leave China today (Tuesday) for Paris to hold talks with the FATF officials.

SOURCE: link

Pakistan