European Union makes a big offer to Pakistan over the FATF greylist: Report

European Union makes a big offer to Pakistan over the FATF greylist: Report

ISLAMABAD: European Union makes a big offer to Pakistan over the Financial Action Task Force greylist, Media Report had revealed.

The European Union has offered technical assistance to Pakistan for implementation of the Financial Action Task Force (FATF) action plan by the country.

A joint press release issued at the conclusion of the tenth session of the European Union-Pakistan Joint Commission in Brussels on Friday says the two sides emphasised the importance of the implementation of FATF action plan by Pakistan. The Pakistan side at the meeting appreciated the EU’s offer of technical assistance.

Implementation of ‘GSP-Plus’, issues hampering trade and investment, and improving the business climate remained focus of the discussion during the meeting.

On development cooperation, the EU and Pakistan appreciated the encouraging progress of ongoing activities and exchanged views on priorities concerning cooperation beyond 2020.

The plenary of the joint commission was preceded by meetings of sub-groups on trade, development cooperation, democracy, governance, rule of law and human rights on Nov 13-14.

During the sub-group on democracy, governance, rule of law and human rights, the two sides reaffirmed their strong support for democratic institutions, rule of law, good governance, the promotion and protection of human rights, labour rights, and fundamental freedoms, according to the press release.

Pakistan briefed the EU side on the recent developments in the region and highlighted its concerns regarding human rights and the humanitarian situation in India-held Jammu and Kashmir.