ISLAMABAD: Pakistan has taken specific actions to save the country frombeing included in the Grey List by Financial Action Task Force (FATF),Finance Minister, Dr. Miftah Ismail said.
In a written reply to National Assembly, the minister informed thatPakistan had been nominated by FATF for the Grey List during February 2018,Plenary meeting, however, official intimation is yet to be received fromFATF.
However, he added prior to the next FATF Plenary scheduled in June 2018 onthe areas identified by the FATF, an Action Plan with time-frame, will bedeveloped.
The agreed action plan by Pakistan would be placed in the next Plenary ofFATF for its implementation, he added.
The minister said that the government had taken many specific actions whichinclude curtailment of capacity of the entities of concern to raise funds,enhanced coordination between the agencies of the Federal and Provincialgovernment on Combating Financing of Terrorism (CFT) measures, regulatoryand supervisory measures taken by the SBP to prevent the use of financialsector by the entities of concern.
He said the steps included taking control over the moveable and immoveableassets and the welfare services that were operated by the entities ofconcern while all health and medical services provided by the entities ofconcern including ambulances operated by Falah-e-Insaniat Foundation (FiF)is taken over by the Pakistan Red Crescent Society.
All the educational and social welfare institutions, run by these entitieswere taken over by the relevant departments of the provincial governmentswhile appointment of official administrators for each and everyinstitution, taken over in this month, he added.
He said all the signboards and posters of the entities of concern have beenremoved from the facilities that have been taken over and the same werereplaced with that of the relevant government departments.
He said that these actions demonstrated the high level of politicalcommitment of the Government of Pakistan to implement its internationalobligations under the UNSCR and FATF recommendations.