ISLAMABAD: FATF will announce its decision regarding the exit of Pakistan from the grey list at 8pm PST.
FATF President and other officials will hold a joint press conference in Paris today at 5pm CEST (Central European Standard Time) and at that time, it will be 8pm time in Pakistan.
Hina Rabbani Khar, Minister of State for Foreign Affairs reached Paris today to attend a plenary meeting of the Financial Action Task Force (FATF).
The minister is heading the Pakistani delegation to Paris, where they met the President of the Foreign Affairs Commission at the French National Assembly, Jean-Louis Bourlanges on Monday.
Pak-France bilateral relations, parliamentary cooperation, floods in Pakistan, climate change and regional and global issues were discussed at the meeting.
Meanwhile, Hina Rabbani Khar also met a group of French intellectuals, members of think tanks, and scholars at the Pakistani Embassy in Paris.
The first FATF Plenary under the two-year Singapore Presidency of T Raja Kumar started from Oct 20 and it will conclude today (Friday).
Delegates representing 206 members of the Global Network and observer organisations, including the International Monetary Fund, the United Nations, the World Bank, Interpol and the Egmont Group of Financial Intelligence Units participated in the Working Group and Plenary meetings in Paris.
At the conclusion of the two-day deliberations, decisions of the plenary would be announced and Pakistan is expected to be removed from the Grey List of the FATF on Friday evening.
Pakistan was included among jurisdictions under an increased monitoring list in June 2018 for deficiencies in its legal, financial, regulatory, investigations, prosecution, judicial and non-government sectors to fight money laundering and combat terror financing considered a serious threat to the global financial system.
Pakistan made commitments to address these deficiencies under a 27-point action plan. But later the number of action points was enhanced to 34.
A 15-member joint delegation of the FATF and its Sydney-based regional affiliate, Asia Pacific Group, paid an onsite visit to Pakistan from Aug 29 to Sept 2 to verify the country’s compliance with the 34-point action plan committed with the FATF and submitted its findings to the FATF.
