FATF officials review Pakistan’s anti-money laundering measures

A view from Islamabad (Blue Area), Pakistan. (Shutterstock)
Updated 15 August 2018
Follow

FATF officials review Pakistan’s anti-money laundering measures

  • FATF reviewing progress on 12-point plan by the global watchdog of financial transactions on Pakistan
  • Foreign Ministry says Pakistan is prepared for the FATF visit

ISLAMABAD: Representatives of the global watchdog for financial transactions were visiting Pakistan this week to review progress on implementing a 12-point plan.

Pakistan was placed on the Financial Action Task Force (FATF) “grey list” last June at FATF Plenary session in Paris after a review of the monitoring report of the International Cooperation Review Group (ICRG).
Foreign Ministry spokesman Mohammad Faisal told a news briefing last week, before the delegation arrived in the country: “Pakistan is prepared for the FATF visit.” 
The FATF delegation was scheduled to meet caretaker Finance Minister Shamshad Akhtar and representatives of the National Counter Terrorism Authority (NACTA), Federal Investigation Agency (FIA), State Bank of Pakistan and other relevant state bodies.
The FATF is an inter-governmental body, which is based in Paris, which battles money laundering, terrorist financing and other threats to the international financial system. It was set up in 1989.
After the country was put on the FATF list, the Pakistan government reiterated its commitment to fulfilling demands made by the watchdog in July this year.
On June 30 Pakistan’s caretaker Finance Minister Dr. Shamshad Akhtar promised that the government was determined to strengthen measures against terrorism and terror financing.
The FATF delegation’s visit will conclude on Thursday.


Pakistan warns climate shocks threaten food security, urges water resilience at Berlin forum

Updated 6 sec ago
Follow

Pakistan warns climate shocks threaten food security, urges water resilience at Berlin forum

  • Government cites floods, droughts and heat as major hits to farm output and rural livelihoods
  • Pakistan also raises concern over India’s decision to unilaterally suspend Indus Waters Treaty

KARACHI: Pakistan’s food security is under growing threat from increasingly frequent floods, droughts and extreme heat, which have sharply affected agricultural productivity and rural livelihoods, a senior minister said while addressing an international conference on Saturday, emphasizing the need to strengthen water resilience in a climate-stressed region.

Speaking at the Global Forum for Food and Agriculture (GFFA) 2026 in Berlin, Federal Minister for National Food Security and Research Rana Tanveer Hussain said climate-induced shocks had exposed the vulnerability of Pakistan’s agriculture, which relies heavily on the Indus Basin for food production and employment.

“Climate-induced shocks have severely affected agricultural productivity, rural livelihoods and national food security,” Hussain said, adding that recent floods and prolonged dry spells had reinforced the urgency of shifting toward water resilience.

Pakistan’s food system depends on the Indus river system, which supports agriculture, industry and ecosystems for more than 240 million people. Hussain said water security was fundamental to food security and stressed that cooperation over shared water resources was essential for regional stability.

Addressing transboundary water challenges, he reaffirmed Pakistan’s commitment to international water law and described the Indus Waters Treaty as a cornerstone of regional water stability. He expressed concern over India’s April 2025 announcement to unilaterally hold the treaty “in abeyance,” calling the Indus river system a lifeline for Pakistan and urging the international community to support the treaty’s full implementation.

On domestic policy, Hussain said Pakistan was pursuing reforms to improve water productivity through high-efficiency irrigation, climate-smart farming practices and drought- and heat-tolerant seed varieties, alongside ecosystem-based measures such as watershed rehabilitation and groundwater recharge.

He said Pakistan remained ready to work with international partners to advance climate-smart agriculture and inclusive food systems, aiming to transform water from a source of risk into a foundation for sustainable development and peace.