The meeting of the global organization FATF, which monitors and takes action on terrorism financing and related money laundering cases, is starting in Paris from Monday. All eyes are on whether Pakistan will remain on the organization's 'grey' list or will be able to exit in this meeting.
The General Assembly and Working Group meeting of the 'Financial Action Taskforce' (FATF) will be held in Paris from today. Pakistan has high hopes for this meeting. He is scrambling to get out of the 'grey list' of this anti-terrorism global organization. Whether his hope will come true or he will be washed away, it will be clear in a few hours.
Pakistan has been on the Paris-based FATF's gray list since 2018 for not taking effective action against terrorism, funding terrorist organizations, and non-compliance with anti-money laundering laws. Due to being continuously on the gray list, Pakistan is facing many challenges like import-export, the inflow of money from abroad, and limited debt from international financial institutions.
Imran is constantly busy but is not getting success
Since coming to power, Pakistan's Prime Minister Imran Khan has been making efforts to get his country out of the gray list. However, he did not get any success in the last years. Experts say that the government of Pakistan has failed to take action against terrorist organizations. On the contrary, it is kneeling before Islamist organizations like Tehrike Taliban Pakistan (TTP), let alone action.
Pakistan said - fulfilled all the conditions
Before this FATF meeting last week, the Pakistan State Department had claimed that their country has fulfilled all the conditions of this organization to get out of the gray list. The report of the Pakistani newspaper Dawn had said that now Pakistan can be kept in this list only for political reasons. Pakistan Foreign Department spokesman Asim Iftikhar had said that we have completed all the technical requirements, hope that the Paris meeting will have a positive outcome.
There is no chance of Pakistan getting out of the list
Earlier, the FATF chairman had said that Pakistan will remain on the gray list until it fully implements the terms of the original agenda agreed in June 2018 and the 2019 Parallel Action Plan of the organization's Asia-Pacific grouping. In October last year, the FATF retained Pakistan in its 'grey list'.
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