Pakistan has submitted its initial draft report to the joint group of Financial Action Task Force (FATF), showing compliance of the remaining 13 points out of 27 action points pertaining to terror funding.
The first draft was sent to the FATF on August 6. Sources said that Pakistan would share its updated version of the progress report to the FATF in the first week of September.
“A face to face virtual meeting of FATF review group is scheduled to take place from September 14 to 21 where Pakistani authorities will be given an opportunity to defend their position with full force,” a top official said.
“In the FATF plenary meet, it would be decided whether Pakistan will be continued to be kept in the grey list or get promoted or demoted to blacklist after verifying the compliance on the majority of the 27-point action plan,” the official added.
Hammad Azhar, Federal Minister for Industries, who is in charge of FATF issues, expressed hope that Pakistan would be declared largely compliant on at least 11 action points and would have to evaluate simultaneously on account of Mutual Evaluation Report (MER) by Asia Pacific Group (APG).
Pakistan was placed in the grey list by FATF in June 2018, after the global anti-terror financial watchdog lambasted Islamabad over its lack of response in curbing terror funding on its soil and has been retained in that category since then.