Islamabad, June 25, 2021 (PPI-OT):The Financial Action Task Force has recognized considerable progress made by Pakistan on its action plan. According to the Finance Division, Pakistan has completed 26 of the 27 Action Plan items. The FATF discussed Pakistan’s progress report on 2018 Action Plan and Post Observation Period Report in its virtual plenary held in February this year. On Technical Compliance, FATF appreciated Pakistan’s commitment and efforts in seeking upgrades in a number of recommendations and expected that Pakistan would continue same momentum. The FATF, after discussion, decided to retain status quo for Pakistan for remaining one action plan item.

Pakistan is confident that the remaining action item would be completed before FATF’s next Plenary scheduled in October this year. New action plan on money laundering will be implemented within 12 months: Hammad Azhar Minister for Energy Hammad Azhar has said that the new action plan on money laundering will be implemented within 12 months.

Addressing a presser along with Director General National Counter Terrorism Authority in Islamabad today (Friday), the minister said the Financial Action Task Force has appreciated Pakistan’s role on successfully completing 26 out of 27 action plan items. Replying to a question, the Minister said India has been trying to keep Pakistan on the grey list but its ugly face was badly exposed today.

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