ISLAMABAD: Pakistan willing to receive an assessment from the Financial Action Task Force on Money Laundering (FATF) team for completing procedural requirements for his exit from international watchdog “gray” list’ of countries under close supervision.
“We work closely with FATF for the organization on- Departure to the object on mutually convenient dates with a view complete the entire process as early as possible and before next FATF Plenary in October 2022,” the minister said. of State for Ministry of Foreign Affairs Hina Rabbani Khar at a press conference on On Saturday after returning from Berlin, where she headed the delegation at the FATF plenary meeting.
The FATF, after its four-day plenary session, recognized on On Friday, Pakistan fully complied with promotion 2018 and 2021 plans on anti-money laundering and wrestling terror financing. However, Pakistan’s exit from the gray list was associated with outcome of en on- Departure of a technical specialist team for examination of reforms carried out.
“I sure that we will be fully prepared in time on- visiting the site and leaving the gray list soon. InshaAllah!” said Mrs. Har. FATF recognition of in progress made under Pakistan meant that the country was just “a step far from the exit” gray list added.
State minister calls the visit “the start of end process to end in the exit of the country from the gray list
onA visit to the facility, she explained, was a “procedural requirement” that marks “the start of of final process, ending in exit from gray list.
minister said Pakistan submitted 11 reports on action plan for 2018 and three on action plan for 2021. “Action plan for 2018 closed with no waiting of action on part of Pakistan,” she said, adding that the entire seven-point action plan for 2021 had been completed. year forthcoming of prescribed deadlines.
Recalling the high-level political commitment of the country, national consensus, as well as institutional harmony and synergy, which made it possible to achieve of in a milestone she said “this fast pace as well as progress significant of comprehensive reforms and actions that have been carried out out Pakistan in AML/CFT area and sustained momentum of our efforts.”
“I want take this opportunity to stress once again that Pakistan’s cooperation with FATF and international community grounded in our strategic goal of strengthening our economy and further improvement of its integration with in international financial system” said Ms Har.
Pakistan exit will restore investor positions confidence and improve the investment climate, which will ultimately boost the economy, she said.
On the issue of who should be enrolled with it’s a success she said it was result of “whole of reaction of the country” with the participation of several ministries, departments and agencies at all levels of in government. She is also thanked “international partners and friends” for them support during the process.
Looks sure that progress made Pakistan will be sustainable, she said: “Pakistan in a position that not only can maintain its trajectory of reforms are good in the futurebut may also provide guidance and technical support to another countries in this is area”.
In response to a question, she said that all political parties, the current and previous governments deserve respect. for manufacturing progress over goal as it was national cause and win-win situation for Pakistan, adds APPENDIX.
minister told to take all drastic measures with national the consensus was in Pakistani interests in show to world what was it responsible country. Paying tribute to tireless efforts of all teams to reach the goal, she said it was indeed whole of country response. “It also shows that when we work together with feeling of goal, we can achieve wonderful things,” she said. added.
She is also thanked the friendly countries as well as international partners for their understanding support and cooperation.
asked about boycott of of the FATF legislation by opposition parties during the PTI’s tenure, she claimed that they passed the legislation in parliamentary committees. They only opposed the legislative process in in parliamentbecause the previous decision party bulldozed set procedures, she added.
In response to a question about India’s attempts leak FATF proceedings, she said, body was very strict about confidentiality of his reports.
Published in Dawn, June 19, 2022
