Abb Takk News
Uncategorized

Quaid e Azam University Seminar on Subsequence of FATF

Islamabad(April 09, 2018 ): Observing that complying with international laws creates many economic and other opportunities for countries; speakers at a seminar here Monday expressed the hope that Pakistan would be removed from the Grey list of Financial Action Task Force as the country had already taken initiatives in this regard.

The provinces have already addressed some concerns, while the ministry of interior had also taken measures and the State Bank of Pakistan (SBP) was also working on making financial monitoring more effective, said an economic expert, Dr.

Moazzam in his detailed presentation on “Policy Implications of FATF and Curbing Terror Financing.” The Seminar titled “Dynamics of Conflict Economy and its Implications for Pakistan” was jointly organized by Pakistan Institute of Development Economics (PIDE) and Ministry of Defence here. Dr.He discussed how Pakistan was on the FATF grey-list from 2012 to 2015, a period during which Pakistan’s imports and exports remained stable and the grey-listing did not raise any significant barriers to the country’s trade. He said that Pakistan needed better regulation mechanism not only to comply with the requirements of FATF but most importantly for greater employment opportunities for the youth to engage them in activities that benefit the economy at large.

Kashif Mehmood informed the participants about the Pegham-i-Pakistan book and its subsequent objectives. He said it was easy to create an enemy and then form a strategy to fight it but the real challenge was to identify the very conflict, and Pegham-e-Pakistan was a step in that direction. He said that following the instructions of the President of Pakistan, on 26th May 2017, religious scholars and clerics from all schools of thought were invited to develop a narrative to counter extremism in the country.

He urged the students of PIDE to conduct their research work while combining economics with the law for leading coming generations to progress and development.

Related News:

FATF Decides To Put Pak Back On Terrorist Financing Watchlist