ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar has said that Pakistan is undergoing two action plans at the Financial Action Task Force (FATF), adding that “one was the most challenging and comprehensive ever given to any country.”
Taking to Twitter on Sunday, the federal minister said the laws passed through the parliament focus on both October’s evaluation and another one planned mid next year, whereas, the legislations reflect clearance of the backlog of the last 10 years.
Azhar said that interplay of two evaluations and requirements of laws was discussed in detail during parliamentary committee meetings.
Terming Pakistan’s legal effort as a role model for other countries to follow during the plenary meeting of FATF, he said that the federal government is now focusing on the implementation of the laws for the effectiveness of the evaluation planned ahead.
It may be noted here that with Indian exposed malice failing to have Pakistan rendered blacklisted earlier on Friday, the FATF had kept the country on the grey list appreciating the reforms it carried out.
The FATF committee had acknowledged Pakistani efforts in curbing all the erstwhile concerns flagged by the global terror-financing watchdog and has extended Pakistan a period until February 2021 to satisfy all of 27 concerns.
According to the Finance Ministry, Pakistan had made progress on all 27 points of the action plan recommended by the FATF to exit the grey list.
It further read that the member states lauded the progress made by the country on the action plan as Pakistan took comprehensive action against hawala and hundi setup, currency smuggling, and financing of the terrorists.
Separately, Minister for Communications Murad Saeed said that the world is recognising Pakistan as a peaceful country while India is being recognised as a terrorist country.
Addressing a news conference here on Sunday, Murad said, “Today, India is facing embarrassment before the world community.”
He said that opposition parties want to see Pakistan on the FATF blacklist, adding that the opposition tried to get National Reconciliation Ordinance (NRO) when the government was doing legislation related to FATF laws.