FATF expresses satisfaction on measures taken by Pakistan

According to sources, it's highly unlikely that Pakistan will be blacklisted by the international anti-money laundering authority.

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ISLAMABAD: Pakistan seems to be in the clear for now as the Financial Action Task Force (FATF) expressed satisfaction over measures taken by Islamabad and acknowledge its progress in various areas.

Also read: FATF reviews Pakistan’s compliance report

Radio Pakistan stated that a meeting between a Pakistani delegation led by Minister for Economic Affairs Hammad Azhar told the FATF delegation in Paris that Islamabad had made progress in 20 out of 27 points.

Various news reports claim that after the first meeting, it remains highly unlikely that Pakistan would be blacklisted by the FATF.

The FATF meeting started on October 14 (Monday), discussing the measures taken by Pakistan till April 2019. The FATF will decide whether or not it will extricate Pakistan from its grey list.

Members of international organisations such as the United Nations (UN), World Bank, International Monetary Fund (IMF) and representatives of 205 countries are attending the meeting in Paris.

The meeting, which will last for six days, will focus on combating international crime and disrupting the financial flows that allow terrorism to take place.

India has been campaigning for the past couple of months to ensure that Pakistan is blacklisted by the intergovernmental organisation.

Prime Minister Khan has accused India of lobbying to get Islamabad blacklisted from the FATF, which could be disastrous for Pakistan’s economy.