Imran's government's troubles increased, opposition attacked for not exiting FATF of Pakistan

Imran’s government’s troubles increased, opposition attacked for not exiting FATF of Pakistan

Pakistan is included in the Gray List of the Financial Action Task Force (FATF). Imran Khan’s government is being criticized for this.

Pakistan PM Imran Khan

Pakistan’s opposition parties have pulled up Imran Khan’s government for failing to remove the country from the gray list of the Financial Action Task Force (FATF). According to a Dawn report, Pakistan People’s Party (PPP) MNA and former Prime Minister Raja Pervez Ashraf asked the Imran government to tell the National Assembly about only one condition, what was the reason. That which Pakistan has not yet completed to come out of the gray list of FATF.

Responding to a question, Minister of State for Parliamentary Affairs Ali Muhammad Khan said on Monday that the only point for FATF implementation is with regard to prosecution of certain people. He said that the country has not been able to come out of the gray list of FATF not due to political reasons but due to technical reasons. He said that when Prime Minister Imran Khan took a bold stand of saying no, the country would definitely have to pay the price. The question about the stipulations of FATF was originally asked by PPP’s Shamim Ara Panhwar and was deferred by the speaker during the assembly session in May.

What did the Imran government say about FATF?

In a written reply to the question, Finance Minister Shaukat Tarin told the National Assembly that the FATF had reviewed Pakistan’s progress on the FATF’s action plan in its plenary meeting held on February 25. According to the Dawn report, he said that Pakistan has done a lot of work to strengthen its Anti-Money Laundering and Counter Terror Financing (AML/CFT) regime and to address the loopholes related to counter-terrorism financing. This work, he said, was taken into account by the FATF in its full description of the significant progress made on the entire Action Plan. Also, in the action plan, 24 out of 27 work items have been accepted while addressing them extensively.

Pakistan has been on FATF gray list since June 2018

Failing to effectively implement global FATF standards. In addition, Pakistan was placed on the FATF’s ‘grey list’ due to the lack of progress on the investigation and prosecution of senior leaders and commanders of terrorist groups designated by the United Nations. Pakistan has been on the FATF gray list since June 2018 for deficiencies in its anti-money laundering and counter-terror financing. Pakistan is facing the difficulty of removing its name from the gray list of FATF.

Also read: Imran Khan waiting for Joe Biden’s phone, did not play ‘telephone’, then it hurt, Pak NSA said this

.

realistic reality mobile new
Default image
Shehnaz
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Articles: 3698