Wednesday Oct 16, 2019
ISLAMABAD: The Pakistani delegation currently visiting Paris met with the representatives of different member countries and organizations of 39-member Financial Action Task Force (FATF) to secure support against an Indian bid to get Pakistan in the FATF blacklist.
The Pakistani authorities are confident that everything is under control, as China, Malaysia and Turkey have assured them of all out support in case India or any other country presents a resolution for getting Pakistan on the blacklist.
So far, even the GCC countries and Saudi Arabia have supported Pakistan. Top official sources told this reporter that the FATF’s ongoing meeting would continue till October 18 [at Paris] during which a final decision would be made.
Ahead of the FATF’s review meeting, the findings of Joint Working Group (JWG) were shared with the Pakistani authorities, showing Islamabad to be largely compliant on 10 points, partially compliant on another 10 points, and non-compliant on seven, mainly related to proscribed organisations on account of investigation, prosecutions and conviction from court of law.
The five-member Pakistani delegation led by Minister for Economic Affairs Hammad Azhar participated in the review meeting along with top military officials, including DG Financial Monitoring Unit and a Foreign Office representative.
All stakeholders were unanimous and on the same page that Pakistan worked hard to comply with all 27 points within the envisaged deadline and made good progress. Authorities are confident that the FATF will not give a new action plan.
Pakistan has taken significant steps towards improving relations with the US and progress in this direction would yield positive results. On merit, official sources say that Pakistan should be excluded from grey list and put into green or white list as Islamabad has made impressive progress on at least 20 out of 27 FATC action plan points.
However, the official sources say that the FATF might maintain Pakistan’s grey-list status for an extended period of 6 to 12 months, but in such a scenario, there will be no new action plan. Islamabad might be asked to continue to ensure compliance on 17 points, on which the country made partial or little progress, for the next one year.
A top official said that Indian side might plunge into one-sided propaganda without waiting of the final outcome of the meeting because they have nothing to lose, but in case of Pakistan, the country’s economy would be at serious threat in case of falling into blacklist, so authorities are very careful on making any statements.