Threat of blacklisting Pakistan by FATF averted.

ISLAMABAD -- Federal Minister for Industries and Production Hammad Azhar said Friday that Pakistan could not be blacklisted by the Financial Action Task Force (FATF) following the measures ensured by the federal government.

'We want to reassure the nation that the threat of blacklisting Pakistan has been averted,' Federal Minister said while addressing a press conference in Islamabad.

Pakistan would remain on FATF's grey list by June this year, as the country would have to implement three remaining items of the action plan. He said that Pakistan was given the 'world's toughest action plan' by the FATF. 'Pakistan showed exemplary performance regarding the FATF action plan, and fully addressed 24 points out of 27. We will try to ensure the completion of remaining three by June,' the Minister said and added that Pakistan achieved 90 percent of its targets despite the coronavirus pandemic.

Explaining the background, Hammad said that first objective for the PTI government after assuming the charge was to save the country from being put on the FATF blacklist. Only two of the 27 points had been addressed in 2018 when the ruling party came into power, but since then Pakistan has fulfilled 24 of those overall requirements. Quoting FATF, the Minister said that Pakistan has fulfilled 90 percent of the objectives. He was optimistic that Pakistan would implement three items by June this year. 'A lot of work has been done on the three points in which we are partially complaint. In my eyes, we are...

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