PM Shehbaz congratulates nation as Pakistan ‘substantially completes’ FATF action plans - News Summed Up

PM Shehbaz congratulates nation as Pakistan ‘substantially completes’ FATF action plans


Terming Pakistan’s imminent return to the ‘white list’ a step towards success, PM Shehbaz congratulated the core team, government institutions and all other persons involved in the successful implementation of the FATF action plan. “Praise be to Allah, everyone’s efforts have borne fruit,” said the PM in a statement. The prime minister further said that the FATF statement was a recognition of the restoration of Pakistan’s reputation internationally. Following a meeting in Paris in June 2018, the Paris-based organisation formally included Pakistan on its “grey list” of countries with inadequate controls over curbing money laundering and terrorism financing. The organisation can make recommendations to any of the countries that have signed a membership charter, as well as other nations, but it has no power to impose sanctions.


Source: The Nation June 18, 2022 06:17 UTC



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