Pakistan likely to exit FATF’s grey list

News Image

By MG News | June 13, 2022 at 12:25 PM GMT+05:00

0:00

June 13, 2022 (MLN): Pakistan will likely exit the grey list of global money laundering and terrorist financing watchdog, Financial Action Task Force (FATF) as it has achieved 32 conditions out of 34 under the two different action plans of FATF.

According to sources, the four-day meeting of the Paris-based watchdog will start on Tuesday, June 14, 2022 in Berlin, in which matters regarding Pakistan will be discussed on June 15 and 16.

Under the 2018 action plan of the FATF, the country has implemented 26 out of 27 points while it met six out of seven points under the 2021 action plan.

Minister of State for Foreign Affairs Hina Rabbani Khar will represent the Pakistani delegation at the FATF meeting.

In its plenary meeting held on March 4, 2022, the watchdog kept Pakistan on its grey list despite the fact that the country had fulfilled the anti-money laundering its maximum technical requirements.

It is expected that Pakistan will likely be taken off the FATF’s grey list as the country has made significant progress in tackling most of the action plans, and fighting against money laundering and terrorist financing (AML/CFT) in the past few months.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,132.99
68.81M
-0.18%
-237.16
ALLSHR 82,970.51
245.44M
-0.13%
-110.64
KSE30 40,581.80
24.08M
-0.30%
-123.51
KMI30 192,115.75
30.48M
-0.24%
-464.93
KMIALLSHR 55,804.06
142.33M
-0.06%
-31.65
BKTi 36,131.68
3.34M
-0.51%
-185.49
OGTi 28,477.16
2.04M
-0.23%
-65.80
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,355.00 108,880.00
107,680.00
-100.00
-0.09%
BRENT CRUDE 69.19 69.50
69.03
-0.39
-0.56%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.51 67.97
67.40
-0.42
-0.62%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 09:41 AM GMT+05:00

DFML assembles over 300 EVs for delivery


July 08, 2025 at 09:31 AM GMT+05:00

NBP issues foreign exchange rates


July 08, 2025 at 09:25 AM GMT+05:00

Asia markets waver amid Trump’s new tariff threats



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg