Threat of being blacklisted by FATF has been averted, says Hammad Azhar.

ISLAMABAD -- Federal Minister for Industries and Production Hammad Azhar assured the nation on Friday that the threat of Pakistan being blacklisted by the Financial Action Task Force (FATF) had been averted.

'We want to reassure the nation that the threat of blacklisting Pakistan has been averted,' said the federal minister while addressing a press conference in Islamabad, a day after the FATF granted the country four more months to complete the action plan.

The minister said that Pakistan was given the 'world's toughest action plan' by the global watchdog on money laundering.

He further said that a mere two of the 27 points had been addressed when the ruling party came into power country two years ago, but since then Pakistan has fulfilled 24 of those overall requirments.

Azhar explained that when the action plan was announced, the first objective was to ensure that Pakistan avoided the blacklist.

He also quoted the FATF as saying that Pakistan has fulfilled 90% of the objectives.

He assured that the last three items on the list will be 'fulfilled by Pakistan by June'.

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