Pakistan is hopeful of getting off the Financial Action Task Force (FATF) grey list.
The Pakistani delegation attending the conference in Berlin is headed by Minister of State for Foreign Affairs Hina Rabbani Khar, who is also the chair of the National FATF Coordination Committee.
Pakistan was added to the list in 2018 and was given a list of actions to be completed. In a review held in March 2022, FATF retained Pakistan on the list, saying that the country has “made significant progress in fulfilling its recommendations”.
FATF had directed Pakistan to fulfill 34 conditions in two stages. Pakistan fulfilled 32 out of 34 conditions in the last FATF meeting and completed the remaining two in this meeting.
After news of Pakistan’s expected removal from the grey list spread on social media, Rabbani took to Twitter and said, “FATF will issue a Public Statement after the conclusion of the meetings tonight. Prejudging the outcome or speculative reporting could and should be avoided.”
There will be a press briefing in Berlin on the outcomes of the FATF Plenary today (June 17).
