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Caretaker Govt Overstepped Mandate On FATF Plan: Rabbani

Islamabad (July 02, 2018): Peoples party leader and Former Chairman Senate Mian Raza Rabbani has criticized the caretaker government for overstepping its mandate by agreeing to implement a plan given by Financial Action Task Force (FAFT).

In a statement issued on Monday, Rabbani said that the plan has bound the new government to commitments which need to be implemented within fifteen months.

‘Such a major step which has financial, political and repercussions on national security should have been left to the new Parliament,’ he maintained.Interim Finance Minister Shamshad Akhtar attended FATF-MENAFATF Joint Plenary held in Paris last month during which the international body decided to keep Pakistan on ‘grey list’.

At the end of Paris meet, FATF said: “It identified Pakistan as a jurisdiction with strategic AML/CFT deficiencies. The country has developed an action plan with the FATF to address the most serious deficiencies”.

Rabbani further stated that ‘it is unfortunate, that even though the Senate is functioning, the government has not taken the House into confidence’.‘This issue will be raised in the upcoming session of the Senate and it would be than for the House to decide if it agrees with the conditionality that has been laid down by FATF,’ Rabbani added.

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