Pakistan’s chances of getting off the Financial Action Task Force (FATF)’s grey list are reportedly bright when the four-day review meeting starts in Berlin from June 14 to 17.
According to a report, Minister of State for Foreign Affairs Hina Rabbani Khar will lead the Pakistani delegation at the FATF meeting, where issues relating to Pakistan will be reviewed.
The report said that Pakistan has implemented 32 out of 34 points of the two FATF action plans given in 2018 and 2021, adding that the country’s chances of getting off the FATF’s grey list are higher than before — due to the massive diplomatic campaign.
The United States, Germany, and other important states have expressed a partial willingness to extend cooperation to Pakistan in getting off FATF’s grey list in view of its significant progress in meeting conditionalities of the FATF action plan, the report added.
It said that the matter of FATF grey list was discussed during the recent foreign visits of Prime Minister Shehbaz Sharif, Foreign Minister Bilawal Bhutto and Hina Rabbani Khar and the FATF member countries have expressed their soft corner towards Pakistan.
It further said that Pakistan has implemented almost all the points of the FATF action plan except those relating to prosecution of money laundering.
However, the country has also made significant progress in prosecution of money laundering crimes, besides having an impartial, independent and transparent judiciary like the rest of the world.