A delegation comprising of officials from finance and interior ministries reached Paris earlier Tuesday to plead Pakistan's case at the ongoing meeting of the Financial Action Task Force (FATF) a global body that combats terrorist financing and money laundering
Paris, (Pakistan Point News - 20th Feb, 2018) A delegation comprising of officials from finance and interior ministries reached Paris earlier Tuesday to plead Pakistan's case at the ongoing meeting of the Financial Action Task Force (FATF) a global body that combats terrorist financing and money laundering. The delegation, led by Director-General Financial Monitoring Unit Syed Mansoor Shah and comprising of other members of the Foreign and Interior ministries, will defend Pakistan's position at the FATF meeting, where a resolution sponsored by the United States and supported by its allies is considering placing Pakistan on a watchlist of countries that financially aid terrorism.
Adviser to Prime Minister on Finance Dr Miftah Ismail has also reached Paris to attend the meeting. Official sources revealed earlier that Ismail visited Germany, Netherlands and Belgium last week in an attempt to garner support against the US move. Sources said of the 35 permanent members of the FATF, only China supports Pakistan whereas the rest are likely to fall behind the US resolution. Pakistan's international credit rating could suffer a setback as a result of being placed on the list, as several global financial institutions are influenced by the FATF, which includes around 700 members in total, including the United Nations, European Commission, International Monetary Fund and World Bank.
