Watchdog tasked with tracking illegal money due in Pakistan for review

1 / 2
Financial Action Task Force (FATF) is a Paris-based global body and its delegation will start talks with Pakistani officials from Tuesday – (Photo Courtesy – FATF Facebook)
2 / 2
The FATF, in a statement issued in February, had termed Pakistan’s progress on the implementation of its action plan as “limited” and asked Islamabad to address all strategic deficiencies. (AFP/File)
Updated 26 March 2019
0

Watchdog tasked with tracking illegal money due in Pakistan for review

  • Meetings with the Financial Action Task Force are scheduled to begin from Tuesday
  • Had said earlier that progress in the implementation of measures was "limited"

ISLAMABAD: Representatives from a Paris-based global body, which is tasked with tracking sources of illegal money, were due to arrive in Islamabad on Monday, media reports said.

The Financial Action Task Force (FATF), in a statement released in February this year, had termed Pakistan’s progress on the implementation of its action plan as “limited” and asked Islamabad to address all strategic deficiencies.

The group is set to hold talks with representatives from the Securities and Exchange Commission of Pakistan, State Bank of Pakistan, Ministry of Foreign Affairs, Ministry of Interior, and other Pakistani officials from Tuesday.

Pakistan had been on the FATF grey list from 2012 to 2015, before being put on the list again in June 2018.

“Pakistan has revised its TF [terror financing] risk assessment. However, it does not demonstrate a proper understanding of the TF risks posed by Da'esh (ISIS), Al-Qaeda, JuD [Jamaat-ud-Dawa], FIF [Falah-e-Insaniat Foundation], LeT [Lashkar-e-Taiba], JeM [Jaish-e-Mohammad], HQN [Haqqani Network] and persons affiliated with the Taliban,” the FATF statement read.


Pakistan’s religious affairs minister praises Saudi Arabia for Hajj arrangements

Updated 18 April 2019
0

Pakistan’s religious affairs minister praises Saudi Arabia for Hajj arrangements

  • Says the crown prince’s visit was appreciated by everyone in his country
  • Expresses hope that Pakistan would soon get a bigger Hajj quota

ISLAMABAD: Pakistan’s Minister for Religious Affairs Noorul Haq Qadri applauded Saudi Arabia for making extensive Hajj arrangements during his ongoing visit to the Kingdom on Thursday.
Qadri held a meeting with Saudi Minister for Hajj and Umrah Dr. Mohammad Saleh bin Taher Benten and discussed matters of mutual interest.
He praised King Salman bin Abdulaziz for taking care of pilgrims from across the world, and noted that Crown Prince Mohammed bin Salman’s recent visit to Pakistan was deeply appreciated by everyone in his country.
Qadri also expressed his optimism that Pakistan would soon get a bigger Hajj quota, adding that, much like Islamabad, the government would also implement the Road to Makkah project in other cities of Pakistan.