Pakistan to come out of FATF grey list in 2020: Hammad Azhar

Pakistan to come out of FATF grey list in 2020: Hammad Azhar.

ISLAMABAD (Dunya News) – Federal Minister for Economic Affairs Hammad Azhar said Pakistan has targeted to complete all items on its Financial Action Task Force (FATF) action plan and upgrade from its grey list to the white list in 2020, Dunya News reported on Saturday.

The federal minister maintained that FATF has noted progress already achieved by Pakistan during the last one year and especially in the last four months. However, more work needs to be done as our action plan is perhaps the most ambitious and challenging ever handed out to any country, he added.

FATF has noted progress already achieved by Pakistan during the last one year and especially in the last 4 months. However, more work needs to be done as our action plan is perhaps the most ambitous and challenging ever handed out to any country. 1/2

— Hammad Azhar (@Hammad_Azhar) October 18, 2019

Hammad Azhar said a coordinated effort from all Regulators, LEAs, Federal and Provincial Government Departments is already underway in this regards.  

Pakistan has targeted to complete all items on its FATF action plan and InshAllah upgrade from the grey list to the white list of FATF in 2020. A coordinated effort from all Regulators, LEAs, Federal and Provincial Govt Depts is already underway in this regards.

— Hammad Azhar (@Hammad_Azhar) October 18, 2019

Let it be known that FATF President Xiangmin Liu, while expressing satisfaction over steps against terrorism and corruption, had on Friday announced that Pakistan will remain on its Grey List till February 2020.

Read also: Pakistan to remain on Grey List till Feb 2020