If Pakistan Fails to meet the Expectations of FATF it will be Disastrous for it

A day earlier, Pakistan Foreign Minister Shah Mehmood Qureshi had said that the country should be excluded from the FATF gray list.
If Pakistan Fails to meet the Expectations of FATF it will be Disastrous for it

A top US diplomat has said that not fulfilling the obligations of the Economic Action Task Force (FATF) will have a disastrous effect on Pakistan's economic reform program. Acting Assistant Secretary of State for South and Central Asia Alice Wells made this remark. A day earlier, Pakistan Foreign Minister Shah Mehmood Qureshi had said that the country should be excluded from the FATF gray list.

Pakistan's foreign minister said that Pakistan has made significant progress on the needs of the international body that monitors terrorism funding. "If Pakistan does not fulfill the obligations of the FATF and comes on the black list," Wells told reporters here. If this happens, it will be disastrous for Pakistan's economic reform program and its ability to attract investors. '

Wells, who returned to the region recently, including Islamabad, said, "We are happy to see Pakistan's progress towards fulfilling the obligations of the FATF." If it does not meet, can the funding by the International Monetary Fund be affected. The Pakistan delegation led by Pakistan's Economic Affairs Division Minister Hammad Azhar is in Beijing to brief the Economic Action Force on the steps taken by Islamabad to implement FATF recommendations.

FATF has put Pakistan on the gray list
The FATF last October decided to put Pakistan on the gray list for its failure to curb the funding of Lashkar-e-Taiba, Jaish-e-Mohammed and other terrorist groups. If it does not withdraw from this list by April, Pakistan could be blacklisted, which could face severe economic sanctions.

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