Pakistan likely to be out of global terror watchdog FATF's grey list next month

January 24, 2020 09:56

There are certainly high chances of Pakistan "exiting" the 'grey list' of global terror watchdog Financial Action Task Force at its plenary to be held on February 16 this year.

Sources said that after heavy lobbying by China and with the help of a private consultant who is an FATF veteran, there is "a 75 per cent chance of Pakistan exiting the 'grey list' now".

The meeting of the Asia Pacific Joint Group, the FATF international cooperation review group, concluded in Beijing on Thursday where China did much of the heavy lifting to convince the 39-member grouping that Islamabad was making "great efforts" in the area of counter-terrorism.

On Thursday, while responding to a question on the proceedings, a Chinese foreign ministry spokesperson said: "Pakistan has made great efforts to strengthen its domestic counter-terrorism financing system with visible progress. Its political will and active efforts should be recognised and encouraged by the international community. We hope that the FATF will continue to offer constructive support and assistance to Pakistan in its continued efforts to improve the counter-terrorism financing system and effectively fighting terrorist financing."

"As FATF president and co-chair for Asia Pacific Joint Group, China will continue to uphold an objective, just and constructive attitude and participate in relevant discussions," the spokesperson said.

Apart from Pakistan Prime Minister Imran Khan requesting US President Donald Trump to help the country get off the 'grey list' during their meeting on the sidelines of the World Economic Forum in Davos, Khan also interactions with the delegations and foreign offices of US, UK, France, Germany, Australia, New Zealand, among others, prior to the meeting, sources said.

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