The expectation bar has raised high from Pakistan and is expected to move from the grey list. As FATF (Financial Action Task Force) has yet to decide the fate of Pakistan’s performance in terms of terror financing and money laundering. However, the results are still awaited that will be decided in a meeting in Paris today. Pakistan’s performance and actions are being applauded by the FATF.
As per Hina Rabbani Khar, the state Minister for Foreign Affairs is in Paris to attend the meeting. The first plenary meeting will be hosted under the Singaporean president, T Raja Kumar from 20 to 21 October.
In the Plenary meeting in Paris, around 206 members representing a delegation from Global Network, United Nations, World Bank, International Monetary Fund, Egmont Group of the financial intelligence unit, and observer organization will be the participant in the meeting.
After the meeting, the watchdog will announce their conclusion. Last month, a 15-member FATF team flew to Pakistan. The team evaluates and assessed the state’s mechanism and administration. In accordance with the team’s report, Pakistan is likely to get relief. In a statement made by Finance Minister Ishaq Dar in Washington asserted Pakistan’s removal soon from the grey list.