China, Turkey and Pakistan have reportedly vowed to support Pakistan at the Financial Action Task Force (FATF) meetings scheduled to take place from October 13 in Paris. Their staunch backing is expected to impede India’s attempts to get Pakistan blacklisted by the FATF.
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Experts claim that Islamabad has aggressively lobbied with Malaysia, China and Turkey and it will be expected that all the three nations will support Pakistan.
They said that there was no chance that Pakistan’s name would be included in the blacklist, but if its name was not withdrawn from the grey list, it would remain there for another six months.
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A technical team of Pakistan, headed by Financial Monitoring Unit director-general, has reached China and will leave for Paris to hold talks with the FATF officials. Federal Minister for Economic Affairs Hammad Azhar will leave for Paris on Wednesday and after participating in the FATF meetings will attend the meeting of the World Bank and the International Monetary Fund in the US.
Earlier, as EurAsian Times reported, the Asia Pacific Group published its report on money-laundering and terror-financing in a week before its the Financial Action Task Force (FATF) is set to announce its decision to remove or retain Pakistan from its grey list.
The 228-page report, titled “Mutual Evaluation Report 2019,” would provide a basis for the FATF — the international money-laundering and terror-financing watchdog — to make its decision in the upcoming meeting scheduled for October 13-18, keeping in view Pakistan’s compliance with the parameters it had set earlier.