Prime Minister Shehbaz Sharif on Friday felicitated the nation and welcomed the announcement of Financial Action Task Force (FATF) that Pakistan had met all its conditions for exclusion from the grey list.
The statement comes soon after FATF – an international financial watchdog for combating money laundering and terrorist financing – on Friday announced kick-starting a process to remove Pakistan from the grey list after four years of rigorous monitoring.
“At its June 2022 Plenary, the FATF made the initial determination that Pakistan has substantially completed its two action plans, covering 34 items,” according to a statement issued by the FATF on Friday.
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On-site inspection mission decision was taken by the global body during its June 14-17 plenary meeting held in Berlin, Germany.
“Praise be to Allah, return of Pakistan to the white list is a big success of Pakistan," PM Shehbaz said in a statement.
He congratulated the government institutions, personalities and relevant team and said their joint efforts bore fruit.
He appreciated the performance of Minister of State for Foreign Affairs Hina Rabbani Khar and team of the foreign ministry.
The premier said that the efforts of the basic cell related to FATF and of military and civil leadership included in it, were praiseworthy and credit went to them for their work in this national endeavour.
“I pay tribute to the whole team working for the success of Pakistan,” he said, adding that the statement of FATF was recognition of the restoration of the international reputation of Pakistan.
“More such good news will be destiny of Pakistan in future,” he said, adding that the return of Pakistan to the white list would help in improving the economic and financial situation of Pakistan.
“We are working with the same determination for the economic revival of Pakistan,” he concluded.