Govt has prepared 8 bills to move Pakistan into FATF ‘white list’, says Qureshi

MULTAN: Foreign Minister Shah Mahmood Qureshi said on Saturday that the government has prepared eight bills for legislation on money laundering and terror financing to bring Pakistan into the Financial Action Task Force’s “white list” again.

“India has been attempting to have Pakistan pushed into the blacklist. If this were to occur, you know better than I, the effects it will have on the economy.

“The government has taken timely administrative and legislative steps to step out of the grey list and once again have Pakistan placed on the white list,” Qureshi said in a press briefing held at Circuit House.

He said that there are eight laws for which consultation talks were held with the Law Ministry, Finance Ministry, Financial Monitoring Unit (FMU) and experts dealing with money laundering and counter-terrorism issues.

On the prime minister’s directives, the opposition has been taken into confidence, he said. A joint committee of 24 people has been formed which includes various factions of the opposition as well as representatives of the government. It contains both members of the National Assembly and the Senate. The committee will review the legislation.

“The prime minister wishes that the opposition be taken into confidence on this matter of national importance […] time is of the essence here. We must act timely so that the Asia Pacific Group (APG), of which Pakistan is a member, can place the government’s practical steps before the [FATF] plenary which will then decide whether the obligations Pakistan was subjected to were fulfilled or not,” said the foreign minister.

Qureshi said one law pertaining to the National Accountability Bureau (NAB) has also been drafted. “The opposition has expressed its reservations about the NAB law,” said Qureshi.

“We are prepared to make changes in the NAB law,” he said, adding that the PPP and PML-N both had an opportunity but each failed to amend the NAB laws.

“All the bills have been sent to the opposition (parties), including the one on NAB law,” he said.

“We do not have the intention to use (the law) for witch-hunting,” he said in an apparent reference to opposition’s reservations regarding the accountability watchdog’s methods.

The foreign minister said that in a session with all the stakeholders on Monday, the legislative process will be discussed.

Earlier, Special Assistant to the Prime Minister on Finance Dr Hafeez Shaikh said that Pakistan is working to ensure full compliance with the FATF Action Plan at the earliest by increasing the effectiveness of its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime.

“Out of 27 FATF Action Plan items, Pakistan had already addressed 14, while substantial progress has been made in addressing the remaining 13 Action Plan items,” Shaikh said while delivering a keynote statement to the High-Level Panel on International Financial Accountability, Transparency and Integrity (FACTI).

The FATF has urged Pakistan to pass amendments into Anti Money Laundering (AML) and Foreign Exchange Regulation laws within the next three months to meet requirements of its Action Plan.

The financial watchdog has extended the deadline for Pakistan till the next plenary meeting expected to be held in October 2020.

The FATF had placed Pakistan on the grey list in June 2018 and placed 27 conditions for review for complying in one year, till September 2019. Pakistan was so far given three extensions of three months each, every time to comply with the 27-point action plan.

The FATF had so far declared Pakistan fully compliant on 14 points and now there is a deadline of September/October 2020 for complying on the remaining 13 points in a bid to ensure exit from the grey list of the watchdog.

134 COMMENTS

    • My name is Rahat khan
      Pakistan is a peaceful country…
      There are very good people living in Pakistan
      I request you my country on white list…
      I love my country….
      Please save my country

    • Pakistan is a piece full country now.before pakistan government(Nawaz sharef & Asif zardari) is criminal person because Pakistan go to down position.
      But now Pakistani nation saw that prime minister Imran Khan is a honest person.
      We hope and we see that Pakistan now get up and.. Nation of Pakistan always with Pakistan and imran Khan…
      My homeland is a peaceful place. Some persons are making propegenda to destroy my homeland .
      Make white list my Pakistan.

  1. Hii there,
    As a citizen of Pakistan , living inside this country from 35 years and acknowledging all current affairs wether they are against or in favour of my country. I oath that Pakistan never supports any kind of terrorism activity through out the world nor it give any kind of any financial support to any terrorists gangs . Not even a single pakistani thinks about to be violate against any community r religion in the world . We as a muslim gives respect to all religions and the followers . And minorities are free and save to act about their religious activity here in pakistan . That’s why i strongly request you to please put my country on the whitte list of fatf

  2. Hi there…
    As a citizen of pakistan.linving in this country our 18year.pakistan is a safe country.so I request you my country on the white list of FATF.so please save my country I love Pakistan

  3. Hi
    My Name is zafran marwat my country pakistan is A pieceful country so i Request you my country on the white list of FATF.So plz save my country I love pakistan.

    • Please save my country I love Pakistan
      White Lest pakistan
      India is black lest
      I don’t like India
      India does not want peace in Pakistan۔

    • Plese stop these pakistan is a very beautiful and very friendly country he is a very humble plz stop stop stop and insallah pakistan is winning of blacklist match

  4. Mind-blowing country Pakistan….There are very good people living in Pakistan … they all live together#pakistan on #white Lest

    Indan # Balck #Lest
    Caripte contre in india

    • Please save my country I love Pakistan
      White List pakistan
      India is black list
      I don’t like India
      India does not want peace in Pakistan۔

  5. My Countery Pakistan is piece full and save country All the people’s loved this country …
    Plzz whitelist pakistan and india is terrorist Country plzz blacklist india

  6. Pakistan is a piece full country now.before pakistan government(Nawaz sharef & Asif zardari) is criminal person because Pakistan go to down position.
    But now Pakistani nation saw that prime minister Imran Khan is a honest person.
    We hope and we see that Pakistan now get up and.. Nation of Pakistan always with Pakistan and imran Khan…

  7. Assalam o aliekum every one not including Non muslim bcz he don’t know is meaning iam fully supporter in Pakistan Dil Dil Pakisatn jan jan Pakistan we r following only order of GOD and my loviny and peach fully prophet Hazrat Muhammed Mustafa S.W.A

  8. Pakistan is the Best country in whole world pakistani peoples is most peaceful respected and helpfull the works hard we r not teririst we love humans animals or All living things in whole world we trust on Allah and Muhammad S. A. A. W ♥️
    india have most of teririst comunties they happened shamefull activities in kashmir in Afghanistan and in whole world plz stop these indian egyncise or teririst attaks or human killed policies india is a black list country they make teririst modi is also a teririst he killed humans in kashmir or whole world i request to stop killing in kashmir or whole world.

  9. I love Pakistan.
    Pakistan is save and peace full country.
    Pakistan neat and clean country Alhamdulillah.
    India is blacklist country.

  10. Its been 22 years of my life since i m living in Pakistan…and consider my self as a proud citizen..Pakistan is save not only for majorities but all minorites…Pakistan never promote terrorism..We are against terrorism..Now Pakistan is free from terrorism only because of Pak.Army… Please put pakistan in a white list whereas enlist India in a black list because of His shameful act in a Kashmir

  11. My name is mian Tariq my country pakistan mere pakistan ko bdnam karnne me indiae or dosre Chand mulko ka hat ha pakistan ek pur Aman and beautiful country ha plz use wahit list me raka jaye thanks fatfa

  12. Pakistan very good and beautiful country and pech full country indian se bardast nahi huta wo pakistan ko kushall dehke mere FATFA se request ha wo pakistan ko wahit list me add kare thanks I love pakistan

  13. Pakistan is a peaceful country
    Pakistanis are against terrorism
    India should be in blacklist because of his shameful and cruel behaviour with poor Kashmiris
    INDIA SHOULD BE IN BLACKLIST

  14. My name is AMEER ali
    Pakistan is a peaceful country…
    There are very good people living in Pakistan
    I request you my country on white list…
    I love my country….
    Please save my country

  15. We are pakistani we are inocent people living our lives with in our religious rules we obey the rules of governament we respect our guest we love pakistan pakistan zindabad pakistan baindabad

  16. Save pakistani i love pakistan devils stay away from pakistan we respect our guests but if you people want to destroy as we will not allow you fro that and then you people were responsible for every thing please thing before you speak against pakistan we can serve our lives to save pakistan 🖤long live pakistan🖤

  17. My name is Uzair Imtiaz my country
    Pakistan is a peaceful country…
    There are very good people living in Pakistan
    I request you my country on white list…
    I love my country….
    Please save my country

  18. Pakistan is most safe, peaceful, strong and united nation with full of patriots and spiritual people .
    FATF whitelist Pakistan
    Blacklist India fraud country

  19. Pakistan is safe & peaceful country .Pakistani nation are very hospitable and simple.
    I love Pakistan
    Pakistan is best country
    Whitelist Pakistan FATF

  20. Hi my name asad
    Pakistan is a peaceful country…
    There are very good people living in Pakistan
    I request you my country on white list…
    Please save my country

  21. My name is shahid Mirza
    Pakistan is a peaceful country…
    There are very good people living in Pakistan
    I request you my country on white list…
    I love my country….
    Please save my country

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