Pakistan rejects report that KSA ‘ditched’ Islamabad on FATF

By: News Desk      Published: 03:25 PM, 22 Oct, 2020
Pakistan rejects report that KSA ‘ditched’ Islamabad on FATF

Pakistan government categorically rejected a media report as false and baseless regarding the role of Saudi Arabia in the assessment of Pakistan’s Financial Action Task Force (FATF) Action Plan.

Pakistan and Saudi Arabia enjoy strong fraternal ties and the two countries have always cooperated with each other on all matters of bilateral, regional and international importance, a Pakistan government spokesperson said in a statement posted on Twitter Thursday.

“Pakistan greatly values its relations with brotherly Saudi Arabia and firmly rejects such malicious propaganda,” the spokesperson said.

The statement further reads, “FATF will announce its assessment of Pakistan’s progress on the Action Plan and the future course of action after the conclusion of its Plenary Meeting.”

The FATF’s plenary meeting has been started in Paris on Wednesday to decide the fate of Pakistan either to keep it on the grey list for another extended period or to remove it from the grey list.

Pakistan’s case will be taken up on the last day of the meeting on October 23, 2020 (Friday).

In the last FATF’s meeting, Pakistan compliant on 14 points out of a total 27 action plan as the country was placed on the grey list in June 2018.