Chairman, Amun Taraqqi Party (ATP), Muhammad Faiq Shah said Pakistan fought case in Financial Action Task Force (FATF) in efficient manner and foiled the Indian conspiracy in this regard. However, he called to make legislation for organized strategy at financial level and to not give chance for conspiracy to anyone.
Talking to media persons here on Sunday, Mr Shah said the Pakistan had presented its strong case and India failed to push Pakistan into FATF black-list. He said the Financial Action Task Force has recognized the steps taken by Pakistan to control money laundering and terror financing.
He furthermore maintained India will not leave any chance to defame and damage Pakistan and there is need effective planning and strategy to foil agenda of anti-state elements and non-state actors. He said the Pakistan should need to work-hard to exit FATF grey-list in order to boost confidence of investors and stabilize the country economically.
Shah said the world neglected India's viewpoint and international civil society pointed out curfew and human rights violations in Occupied Jammu and Kashmir. He added India had occupied Kashmir on Oct 27 and Pakistan would observe the day as Black Day.
The Paris-based Financial Action Task Force (FATF)-which had placed Pakistan on a money laundering "grey list" in 2018.
It is mentioned here that Pakistan has taken aggressive steps over the last two months in terms of regulatory and monitoring mechanism to meet the FATF requirements and its legal system is generally up to the mark, except some amendments to the Anti-Money Laundering Act (AMLA) 2010 pending before the National Assembly's standing committee on finance and revenue.
Faiq Shah recalled that the government should form Board of Wisdom and Honesty, which will carry out constant monitoring of all affairs. He added the BWH is the only way to resolve issues of the country. He said ATP is ready to give comprehensive sketch in this regard.
Copyright Business Recorder, 2019
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