- “We look forward to the recognition of significant progress that the Pakistani authorities have made,” says Azhar.
- The five-day plenary session of the FATF begins in Paris from February 16.
The Federal Minister for Economic Affairs, Hammad Azhar, has stressed that his team remains committed to completing the Action Plan of the Pakistan Financial Action Task Force (FATF), as the intergovernmental organization reviews Pakistan’s measures at the meeting that begins February 16th.
“Pakistan remains committed to the speedy completion of its FATF Action Plan,” Azhar said in a Twitter post.
The minister added that the FATF Plenary is a technical process. “Regardless of and without speculating about any final decision in the plenary, we hope to recognize the significant progress that the Pakistani authorities have made,” he said.
Pak remains committed to the prompt completion of its FATF Action Plan.
The FATF Plenary is a technical process. Regardless of and without speculating on any final decision in the plenary, we hope to recognize the significant progress that Pak Authorities have made.
– Hammad Azhar (@Hammad_Azhar) February 12, 2020
The five-day plenary session of the FATF begins in Paris from February 16. According to the details, the meeting will decide whether Pakistan will remain on the gray list or leave it.
Reports indicate that despite opposition from neighboring rival India during the FATF meeting in Beijing last year, the United States, the European Union, has supported Pakistan for its measures taken to counter money laundering and terrorist financing. .
Meanwhile, Pakistan already has strong support from neighboring China and friendly countries such as Turkey and Malaysia. Following a strong diplomatic campaign, Pakistan is optimistic to obtain the support of more countries, since the country needs 12 of 39 votes to get off the gray list and enter the white list.
Pakistan received 14 points from 27 at the Asia Pacific Group meeting held in Beijing, China from January 21 to 23. The Pakistani delegation led by Azhar managed to convince the FATF that the bank accounts of nine terrorist organizations, including several Taliban leaders have been frozen
The FATF added Pakistan to the gray list in June 2018. After that, Pakistan secured the implementation of most of the points and action plans.