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Prime Minister Shehbaz Sharif stated that the return of Pakistan to the whitelist of the Monetary Motion Activity Drive (FATF) is a giant success.
PM Shehbaz Sharif felicitated the nation and welcomed the announcement of the Monetary Motion Activity Drive (FATF) that Pakistan had met all its situations for exclusion from the gray listing.
In a press release, he stated, “Reward be to Allah, return of Pakistan to the white listing is a giant success of Pakistan.”
He congratulated the federal government establishments, personalities and related staff and stated their joint efforts introduced fruit,
He appreciated the efficiency of Minister of State for International Affairs Hina Rabbani Khar and the staff of the International Ministry.
The PM stated the efforts of the essential cell associated to FATF and of navy and civil management included in it, had been praiseworthy and credit score went to them for his or her work on this nationwide endeavour.
“I pay tribute to the entire staff working for the success of Pakistan,” he stated including the assertion of FATF was a recognition of the restoration of the worldwide popularity of Pakistan.
“Extra such excellent news would be the future of Pakistan in future,” he stated including the return of Pakistan to the white listing would assist in bettering the financial and monetary state of affairs of Pakistan.
“We’re working with the identical willpower for the financial revival of Pakistan,” he concluded.
Key growth
The Monetary Motion Activity Drive (FATF) has acknowledged that Pakistan has “considerably accomplished its two motion plans”, saying that the watchdog will now schedule an on-site go to to confirm the implementation of the measures.
Nevertheless, Pakistan has not been formally faraway from the FATF’s gray listing. In a press release, the watchdog acknowledged that Pakistan has accomplished each its motion plans, masking 34 objects and stated this confirmed the mandatory political dedication was in place to maintain implementation and enchancment sooner or later.
“The FATF will proceed to watch the Covid-19 state of affairs and conduct an on-site go to on the earliest potential date to confirm the implementation and sustainability of the nation’s cash laundering and counter-terrorism financing measures,” it added.
The FATF additionally acknowledged Pakistan continued political dedication to combating each terrorist financing and cash laundering, which it stated had led to vital progress.
“Pakistan demonstrated that terror financing investigations and prosecutions goal senior leaders and commanders of UN designated terrorist teams and that there’s a constructive upwards pattern within the variety of cash laundering investigations and prosecutions being pursued in Pakistan, in keeping with Pakistan’s danger profile,” it added.
The monetary watchdog famous that Pakistan has additionally largely addressed its 2021 motion plan forward of the set occasions.
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