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
Tando Bago is a town in Pakistan that is tucked away in the center of…
Amidst the fertile plains of Punjab, Pakistan, lies Aminpur Bangla, a town brimming with potential…
Jhal Magsi District is a gem of a city located in the central region of…
About 90 kilometers south of Multan, Jalalpur Pirwala is a city and tehsil capital housing…
ISLAMABAD: Chaudhry Muhammad Ali Randhawa, the newly appointed Chief Commissioner of Islamabad, wasted no time…
Keti Bunder was formerly a bustling port city and is currently a taluka in the…
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.
