No chance of Pakistan's inclusion in FATF black-list: NA told

ISLAMABAD: There was no chance of inclusion of Pakistan in Financial Action Task Force (FATF) black list as this is meant for the countries not cooperating while Pakistan is actively cooperating with the Task Force, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail said Thursday. Responding to the point of order raised by opposition

MNAs including Dr Shireen Mazari, Syed Naveed Qamar, Rashid Godial, Naeema Kishwar Khan, Dr Azra Fazal Pechchu and Aisha Gualalai, he said it was a joint effort of the United States of America and India to embarrass Pakistan.

He said Pakistan took several measures during the last two years as per requirements of FATF. Further actions would be taken for addressing any remaining deficiency.

Pakistan would be placed on the grey list of the Financial Action Task Force (FATF) in June. The country would remain in grey list from six months to one year. There would be no restriction on Pakistan during the period.

He said member states of the FATF were persuaded by Washington and New Delhi to place Pakistan back on the 'grey list' of nations with inadequate terrorist financing or money laundering controls. Pakistan was on the list for three years, until 2015 but country's remittances, tax collection registered marked increase.

Pakistan got loans from International Monetary Fund (IMF), Asian Development Bank (ADB), the World Bank and progressed well.