WASHINGTON: Pakistan is committed to thoroughly implementing its action plan to counter money laundering and terrorist financing by February next year and there’s no disagreement among various government institutions on this matters, says Financial Adviser Abdul Hafeez Shaikh.
The Financial Action Task Force (FATF) gave Pakistan four months on Friday, to fulfil its commitments by February 2020.
Speaking to the media, Mr Sheikh underlined the efforts made by the government to revive the national economy.
“Basically, all government institutions are on the same page on this issue. We will take the decisions that we need to fight money laundering and terrorist financing,” said the adviser in response to a question about the FATF deadline.
Pakistan will be put back on a list of jurisdictions branded as uncooperative, and tax havens for terror funding if it fails to fulfil its commitments to the international monitoring agency.
Blacklisting will invoke punitive actions including the FATF urging all jurisdictions to watch their business relations and transactions with Pakistan.
For more news and blogs, visit blog.graana.com
Islamabad: The Capital Development Authority has launched a citywide inspection drive to assess fire safety…
Dubai: The Dubai Land Department has launched a new public awareness campaign to help residents…
Karachi: Sindh Chief Minister Syed Murad Ali Shah has approved the Karachi Transformation Plan during…
A delegation from China-based Beiming Software has visited Pakistan to explore collaboration opportunities in smart…
Rawalpindi: The Rawalpindi Development Authority has said that the long-awaited Rawalpindi Ring Road project is…
Here is a concise, professional rephrased version of the news: Saudi Arabia Approves Regulatory Sandbox…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
