Abb Takk News

Talks Between Pakistan, FATF Completed

ISLAMABAD: Pakistan’s team led by Minister for Economic Affairs Hammad Azhar on Wednesday defended country’s compliance report during the joint group of Financial Action Task Force (FATF) meeting held at Beijing, China as the watchdog showed satisfaction over Pakistan’s report of compliance.

Now Pakistan requires mustering up diplomatic support for its efforts to come out from grey list and land into the white as Islamabad needs 12 votes out of total 39 in the plenary meeting of the FATF scheduled to be held in Paris on February 16, 2020.

Only the Indian side raised tough but mostly irrelevant questions during the joint group meeting held at China, however, contrary to the past, the US and European countries did not extend their support to New Delhi in its efforts to defame Pakistan.

The ongoing meeting went very well. This time the attitude of US plus European Union countries remained supportive and except India no other country raised questions on Pakistan’s compliance. “The Pakistani team will remain standby to further defend its report if required to do so today (Thursday).

If the joint group of FATF demanded any further documents or annexures of any point, the Pakistani side would be ready to reply to them. The official sources said that Pakistan would now focus on mustering up more diplomatic support of voting members of FATF’s plenary meeting.

In order to avoid the blacklist, Pakistan requires the support of three countries. For coming out of grey and landing into the white list, Islamabad needs 12 votes out of a total of 39. There is a possibility of the third scenario that Pakistan might continue into the grey list for another 3 to 6 month period.

After getting the support of the US, now the chances have emerged that Pakistan might be excluded from the grey list and placed into the safest white list.