- Home
- Business
- News
- Pakistan to come out of grey list in 2020: Federal Minister for Economic Affairs, Muhammad Hammad Az ..
Pakistan To Come Out Of Grey List In 2020: Federal Minister For Economic Affairs, Muhammad Hammad Azhar
Sumaira FH Published October 19, 2019 | 10:50 AM
Federal Minister for Economic Affairs, Muhammad Hammad Azhar said that Pakistan had targeted to complete all items on its Financial Action Task Force (FATF) action plan and get upgraded from the grey list to the white list in 2020
ISLAMABAD, (UrduPoint / Pakistan Point News - 19th Oct, 2019 ) :Federal Minister for Economic Affairs, Muhammad Hammad Azhar said that Pakistan had targeted to complete all items on its Financial Action Task Force (FATF) action plan and get upgraded from the grey list to the white list in 2020.
The minister, in a tweet, said that a coordinated effort from all regulators, law enforcement agencies (LEAs), federal and provincial government departments was already underway in this regards.
"Pakistan has targeted to complete all items on its FATF action plan and InshAllah upgrade from the grey list to the white list of FATF in 2020. A coordinated effort from all Regulators, LEAs, Federal and Provincial Govt Depts is already underway in this regards," he tweeted.
The minister said FATF had noted progress already achieved by Pakistan during the last one year and especially in the last 4 months.
However, he added that more work was needed to be done as they country's action plan was perhaps the most ambitious and challenging ever handed out to any country.
"FATF has noted progress already achieved by Pakistan during the last one year and especially in the last four months.
However, more work needs to be done as our action plan is perhaps the most ambitious and challenging ever handed out to any country," the minister tweeted.
It is to be mentioned here that the FATF Plenary meeting was held in Paris from 13-18 October, in which Pakistan delegation was led by Hammad Azhar.
The FATF meeting considered Pakistan's progress report on the FATF Action Plan and Pakistan's APG Mutual Evaluation report (MER).
Pakistan's delegation had reaffirmed its political commitment to fully implement the Action Plan.
The FATF Plenary meeting decided to maintain status quo on the FATF Action Plan and allow the usual 12 months observation period for the APG MER.
The delegation had also held sideline meetings with various delegations and briefed them about the progress made by Pakistan on the FATF Action Plan and steps taken for strengthening its Anti-Money Laundering/Combating the Financial Terrorism (AML/CFT) framework.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
1 hour ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
2 hours ago -
Today Gold Rate in Pakistan 26 April 2024
3 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
12 hours ago -
Pak-US officials engage to enhance trade, investment ties
13 hours ago
-
Stocks fall as tech shares sink, US economy slows
13 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
14 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
15 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
15 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
15 hours ago -
Zhao Shirin calls on Punjab Industries Minister
15 hours ago