ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has felicitated the nation and welcomed the announcement of the Financial Action Task Force (FATF) that Pakistan has met all its conditions for exclusion from the grey list. The prime minister said that the return of Pakistan to the FATF white list will help improve economic and financial situation of Pakistan. The FATF reviewed Pakistan’s progress on FATF Action Plans in its plenary meetings held in Berlin from Monday till Friday. The FATF acknowledged the completion of Pakistan’s both Action Plans (2018 and 2021) and has authorized an onsite visit to Pakistan, as a final step to exit from the FATF’s grey list. Pakistan has covered a lot of ground in the Anti-Money Laundering and Combating Terror Financing (AML/CFT) domain during the implementation of FATF Action Plans.

Source: The Nation June 18, 2022 18:40 UTC