It is expected that Pakistan will finally exit the grey list of the Financial Action Task Force (FATF) today as the global money-laundering watchdog meets in Paris to review the implementation of its action plan by Islamabad.
Minister of State for Foreign Affairs Hina Rabbani Khar is in Paris and going to attend the crucial FATF first plenary under the two-year Singapore Presidency of T Raja Kumar from 20-21 October 2022.
According to experts, Pakistan is likely to exit the FATF’s grey list after a period of four years as it has successfully complied with the 34-points action plan related to terror financing and money laundering.
Apart from Pakistan, FATF would also be announcing its verdict on North Korea, Turkey, and Iran.
Remember that Pakistan’s four-year process under different governments to confront terrorism financing had cleared all requirements and conditions except for one related to demonstrating investigations and prosecutions against senior leaders of the UN-designated militant groups, which it finally completed.
Important for Pakistan, which had relentlessly been fighting terrorism on the home ground through military operations, exiting the grey list would send a loud and clear message worldwide that Pakistan had through reforms and put an end to terror financing as well.