FATF good news to revive confidence in Pakistan’s economy, says Bilawal

Commends Pakistan team for successful completion of FATF Action Plans: China extends congratulations

By: News Desk
Published: 11:11 AM, 19 Jun, 2022
FATF good news to revive confidence in Pakistan’s economy, says Bilawal
Caption: File photo.
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Foreign Minister Bilawal Bhutto Zardari has expressed the hope that the “good news” from FATF will restore confidence in Pakistan’s economy and act as a catalyst for sustained growth and development, reported 24NewsHD TV channel.

In a statement released by the Ministry of Foreign Affairs in Islamabad on Sunday morning, Bilawal Bhutto said “I welcome FATF’s unanimous acknowledgment of completion by Pakistan of its 2018 and 2021 Action Plans. I would like to commend the hard work and dedicated efforts of Pakistan’s FATF team that have led to the successful completion of all technical requirements of both FATF Action Plans. This was the result of concerted national efforts and complete harmony of interests by all stakeholders.

“The announcement by the FATF plenary of granting an on-site visit to Pakistan is a welcome development. It reflects the remarkable progress made by Pakistan to enhance the effectiveness of its AML/CFT regime.

“The Government of Pakistan is committed to continue this positive trajectory of reforming the financial sector as part of its larger strategic objective of strengthening Pakistan’s economy. I am certain that this good news from FATF will restore confidence in Pakistan’s economy and act as a catalyst for sustained growth and development.

“Let me reiterate the Government of Pakistan’s high-level commitment to continue aligning our AML/CFT regime with global standards.

“We look forward to the on-site visit and a successful and early culmination of the process leading to Pakistan’s exit from the grey list,” Bilawal concluded.

Also Read: PM commends COAS for successfully achieving FATF targets

China felicitates Pakistan

Pakistan’s Iron Brother China has also felicitated Islamabad over the positive development at FATF. In a tweet, the Chinese embassy in Islamabad extended congratulations to the Pakistani government.

Reporter Mohsin Ul Mulk