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Is Pakistan going to be removed from the FATF gray list? Meeting going on in Paris, decision will be taken today

Islamabad : The Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog, is set to remove Pakistan from the list of countries under ‘heightened surveillance’. Its plenary session will conclude in Paris on Friday. As The Express Tribune reported, at a meeting in June, the FATF said it was placing Pakistan on the list, also known as the ‘Grey List’, but said that the site was to verify progress. It can be removed after leaving.

Last month, the Foreign Office said a “successful” visit by a FATF technical team was made and Islamabad is expecting a “logical conclusion” of the evaluation process in October. If it is removed from the gray list, Pakistan will inevitably gain a ‘prestige’ and appreciation from the international community on terrorist financing. Due to this, the economic difficulties of Pakistan can also be reduced to some extent.

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Government and diplomatic sources have full confidence
According to a report in The Express Tribune, if sources in both the government and the diplomatic community are to be believed, Pakistan is likely to get a clean chit and will be removed from the watch list. Among other issues on the agenda, the FATF, in its two-day meeting in the French capital, will examine the on-site assessment report of the technical team that visited Pakistan in September to verify the steps taken by the country. .

FATF team visited last month
Last month, a 15-member FATF team quietly toured Pakistan, a final leg before the country was dropped from the gray list. The team’s findings will be discussed at the Paris meeting. The positive outcome of the on-site team’s findings will eventually allow Pakistan to address the loopholes in the system to prevent money laundering and terror financing.

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