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Premature to speculate on FATF decision: Hammad Azhar

Premature to speculate on FATF decision: Hammad Azhar

ISLAMABAD: Minister for Economic Affairs Hammad Azhar, who led a Pakistani delegation during three-day talks with the Financial Action Task Force (FATF) in Beijing, said on Saturday the government has worked “very hard” to get the country off the watchdog’s grey list.

Taking to Twitter, he said: “It is premature to comment/ speculate on the decision that FATF members shall take in the plenary in Feb.”

“Pak Authorities have worked very hard over the months & I feel we have made significant progress in our AML/CFT efforts. We remain committed to sustaining this momentum.”

It is premature to comment/ speculate on the decision that FATF members shall take in the plenary in Feb.

Separately, sources told that the FATF has given the government until March 31 to achieve targets set by the watchdog. A FATF plenary slated for Feb 17 will evaluate implementation on a 27-point action plan, they said. They added the watchdog’s mutual evaluation meeting will take place in August.

Previously, Islamabad had sent a 650-page review report to the FATF on January 8 in response to 150 questions raised by the watchdog.