Good News reported for Pakistan from the crucial FATF Moot in Paris

Good News reported for Pakistan from the crucial FATF Moot in Paris

ISLAMABAD - Despite Indian strong objections, Positive development reported form Financial Action Task Force FATF crucial session in Paris.

The Financial Action Task Force (FATF) on Monday expressed satisfaction over steps taken by Pakistan in line with its action plan to control terror financing and money laundering.

The Pakistani delegation headed by Federal Minister for Economic Affairs Hammad Azhar presented its case before the financial watchdog on the measures taken by Islamabad.

Meanwhile, a report quoting sources claimed that FATF expressed satisfaction over the risk assessment study of Pakistan and that China, Turkey, and Malaysia reportedly supported Pakistan’s stance.

Pakistani delegation gave satisfactory answers to all questions of FATF, the reports claimed, adding that the delegation also satisfied Indian members on questions about alleged terrorist outfits operating in the country.

Pakistan was placed on the grey list by the Paris-based Financial Action Task Force in June last year and was given a plan of action to complete it by October 2019, or face the risk of being placed on the blacklist.

The Paris-based body is reviewing the progress made by Pakistan until April this year, during the FATF Week, which began on October 13 and will conclude on October 16. The review will determine if Pakistan stays on the grey list or moved on the blacklist or given a clean chit.