Pakistani delegation to hold talks with FATF today.

Pakistan's 15-member economic team will submit replies to 125 questions of the APG, which had been summoned in order to take Pakistan out of the grey list. A session of cross-questioning would also be held during the talks between the two sides.

Sources privy to Pakistan authorities have revealed that the danger of being relegated to FATF blacklist has been averted.

Particular emphasis has been placed on measures the state has adopted and implemented for freezing the assets of banned organizations, curbing the financing of banned outfits and legislation for restricting money laundering.

A report will also be reviewed on steps taken by the country for monitoring all welfare organizations' at the federal and provincial levels by the Securities and Exchange Commission of Pakistan (SECP). Furthermore, the methods implemented for compiling the records of welfare organizations' assets will be analyzed by the FATF.

The FATF had also asked Pakistan to ensure registration of businesses of gold, other jewelry and precious stones, and the condition of holding National Identity Card (NIC) has been termed 'must' for doing such business activities.

The Asia-Pacific Group will analyze Pakistan's targets and implementations over its overall recommendations. Pakistan will argue its case and present its final defense. The decisive report will be forwarded to the FATF after the meeting.

Sources familiar with the matter told the media that the outcome of the talks would decide whether Pakistan's name stayed on the grey list or would it be added to the black list.

The session will be headed by China's Financial Intelligence Unit (FIU) chief and an analytical report of Pakistan's performance will be presented. India's FIU head will also be present in the meeting.

Pakistan's name in the grey list means that Pakistan would be required to submit follow-up reports to the APG on a quarterly basis.

Earlier, Prime Minister Imran Khan formed a...