Pakistan prepares report to be submitted to FATF

Pakistan prepares report to be submitted to FATF

WASHINGTON - Special Adviser to Prime Minister on Finance and Economic Affairs Miftah Ismail said that much work has been done on the report regarding Financial Action Task Force (FATF).

In an interview to US TV, he told that the report will be submitted in FATF between March 23 and 25.

Miftah maintained that the government has a policy choice while Pakistan will not need to further reduce the value of rupee.

“Many economic activities will happen in the country next year. New bonds will also be introduced in China and international market at the end of year,” said the adviser.

Talking about FATF grey list Miftah said that no one will be allowed to financially assist the terrorists.

Pakistan’s name was placed in FATF’s grey list but faces no threat of being included in the black category.

The global money-laundering watchdog decided to place Pakistan back on its terrorist financing watchlist, in a likely blow to both Pakistan’s economy and its strained relations with the United States. Pakistan will be included in the list in June this year, sources told.