September 23, 2023



Another important development – Mashriq TV

3 min read

Britain’s removal of Pakistan from the list of third world dangerous countries on the early completion of the Financial Action Task Force’s (FATF) action plan is another gratifying development. Pakistan has been included in the list of 21 countries included in Schedule 3ZA under the Most Dangerous Countries (Amendment) Regulations, 2021. Last month, monitoring money laundering and terrorist financing The international organization Financial Action Task Force (FATF) removed Pakistan from its gray list. According to the president of FATF, Pakistan was on the gray list since 2018. Pakistani authorities have implemented 34 points of two different action plans on combating money laundering and terrorist financing. They said FATF appreciates this progress. The FATF team has confirmed that reforms have been made and implementation systems are in place. In order to fulfill FATF’s goals, Pakistan Tehreek-e-Insaf’s government, parliament, and government have been working hard for the past four years. And many institutions of the country played an important role. In this regard, the Pakistan Army also played a key role and the implementation of all points was ensured together with the government and national institutions. And the implementation of seven out of seven points for the elimination of money laundering was ensured. Both the action plans included a total of 34 points. After consulting the government in this regard, a special cell was also established in GHQ Rawalpindi in 2019 on the orders of Chief of Army Staff General Qamar Javed Bajwa. Pakistan has implemented 34 points of two different action plans related to anti-money laundering and terrorist financing. When SAIL took over the task, there was progress on only five points. This cell created a coordination system between more than 30 departments, ministries and agencies and a complete action plan at each point and got it implemented by all these departments, ministries and agencies. To implement the conditions, the Parliament in Pakistan enacted around a dozen laws to end money laundering and the prevention of terrorist financing, including strict measures to deal with future threats. To address the concerns of the international community. The expression of practical satisfaction on the part of the United Kingdom in this regard after They were fulfilled and later on, seriousness was also shown in their implementation, which continued even after the departure of the government and the establishment of the new government. It is expressed that if any issue and problem in the country is worked with consensus and planning in a positive direction, there is no problem that the concerns of international organizations are not removed and important countries of the world. Practically, Pakistan’s actions are not appreciated in the economic conditions after this decision This situation will improve our economy and increase exports and reduce the import bill, which the country desperately needs at this time. The end of money laundering and document economy should not only be kept to the condition of FATF, but it should be strictly implemented in the interest and improvement of the country’s economy. said that the international community should also shoulder the responsibility of extending the hand of support and cooperation to bring Pakistan out of these difficult situations. It will be necessary to take full advantage of it with planning. According to an estimate, Pakistan’s economy has faced a loss of about 38 billion dollars due to recent and past gray listing, which now needs to be addressed. The international community is also eager to redress the damage caused by the sanctions Give concessions to Pakistan so that Pakistan’s economy will improve and Pakistan’s international identity will be improved and restored. Britain’s expression of satisfaction is another indication of the increase in opportunities for improvement in the country’s economy, which will increase the prestige of Pakistan at the international level. It will be more stable and the trade and economic relations will improve, which will take full advantage of the reduction in the import bill and the trade deficit, which is very necessary to balance the country’s economy.

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