Foreign Minister Shah Mehmood Qureshi said that Pakistan has attained all of the 27 recommended conditions of the Financial Action Task Force (FATF) action plan, hence there is no justification left to keep Pakistan in the grey-list. FM issued this statements ahead of the ongoing five-day meeting of the FATF. The outcomes of the FATF meeting will be out on June 25th.
The minister further blamed the previous governments of PML-N and PPP for their erroneous strategies which led the current government to take loans from the IMF and the country remained in the FATF grey-list because none of the said previous governments took steps to curb money laundering and terrorism financing, but the current government has taken solid measures to deter these issues.
Qureshi also acknowledged that the PTI government took some tough steps in the initial three years of rule, which burdened the masses, but the country was required to concentrate on its economic growth.
Earlier, Financial Action Task Force (FATF) published its 2nd Follow-Up Report (FUR) on Pakistan’s progress on account of FATF recommendations and the technical compliance deficiencies. Pakistan made notable progress as Pakistan requested a re-rating of 23 recommendations, out of which 22 were re-rated.