- The government says it is committed to fulfilling demands made by the Paris-based Financial Action Task Force (FATF) to combat money laundering and terror financing
- On June 30, caretaker Finance Minister Dr. Shamshad Akhtar reiterated the government’s resolve to strengthen measures against terrorism and terror financing
ISLAMABAD: Pakistan’s government said it is committed to fulfilling demands made by the Paris-based Financial Action Task Force (FATF) to combat money laundering and terror financing.
“Fulfilling the FATF obligations will serve as an important message to the international community, particularly G-8 countries that wish to see strengthened compliance in Pakistan’s financial sector,” Dr. Vaqar Ahmed, an economist and joint executive director of the Islamabad-based Sustainable Development Policy Institute (SDPI), told Arab News.
Caretaker Prime Minister Nasir-ul-Mulk chaired a high-level meeting of the National Security Committee (NSC) in Islamabad on Friday to discuss measures to combat money laundering and terror financing, his office said.
Civilian and military leaders attended the meeting, which also reviewed Pakistan’s overall economic situation.
The participants “reiterated a firm commitment” to fulfilling FATF obligations regarding combating money laundering and terror financing, the prime minister’s office said.
“Pakistan’s stock market is feeling jittery, and a pragmatic approach to fulfilling FATF obligations will give confidence to the market and investors,” Ahmed said.
On June 30, caretaker Finance Minister Dr. Shamshad Akhtar reiterated the government’s resolve to strengthen measures against terrorism and terror financing.