Pakistan takes support of this country to avoid blacklisting in FATF meeting

Feb 15 2020 09:30 AM
Pakistan takes support of  this country to avoid blacklisting in FATF meeting

Turkish President Rechep Tayyip Erdogan is on a two-day round of Pak to discuss many issues with Pakistan. Erdogan said that he would oppose the blacklisting of Pakistan in the meeting of the Financial Action Task Force. He said that he will support Islamabad to counter political pressure. FTF, an organization monitoring its financing and global money laundering, has included Pakistan in the gray list. If Pakistan does not meet the conditions of FATA, then it may have to face blacklisting.

According to media reports, the next plenary meeting of the FATF is scheduled to take place in Paris. In such a situation, with the support of allied countries like Turkey, China, Malaysia and Saudi Arabia, it can help Pakistan to stay away from the black list.

To avoid blacklisting, any country requires a minimum of three votes. If Pakistan too joins the blacklist, along with Iran and North Korea, it will face sanctions and economic setbacks at a time when its economy is struggling with crisis. Said, 'We will support Pakistan in the meeting of the Financial Action Task Force, where political pressure is being put on Pakistan.

Also Read: 

US bans Sri Lankan army chief, know what is the charge

Foreign Minister says 'Trump is very keen to visit India' ...

Family tof Peshawar's Army Public convicts approaches court

Iraq: Deadly rocket attack on US military base, know the death toll

 

Popular Stories