Islamabad: Pakistan's anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the...
Qureshi said 'some powers' desired to keep Pakistan in the FATF's 'grey list' and it needs to be looked at whether the global forum is being used for political purposes.
The Paris-based Financial Action Task Force (FATF) has now given Pakistan time until October to fulfil the previously set requirements along with the new action plan.
Holding the PML-N responsible for tough conditions set by FATF, Pakistan's foreign minister said that no previous govt took steps to curb money laundering and terrorist financing.
FATF’s October plenary will take a final call on whether Pakistan should be blacklisted for its failure to complete a 27-point plan, including acting against terrorists.
Action against Masood Azhar and Hafiz Saeed are among the 6 obligations set by FATF that Pakistan has failed to fulfil. Its performance will be reviewed at an FATF meet next week.
The Asia-Pacific Group has kept Pakistan in its 'Enhanced Follow-up' list, saying the country has improved full compliance on only two of the 40 FATF recommendations.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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