Pakistan is unlikely to pull out of the ‘gray’ list of the Global Terrorist Financing Watchdog Financial Action Task Force (FATF) by June, although it is engaged in efforts to garner support from member countries ahead of the organization’s plenary meeting. This has been said in a media report on Wednesday.
The FATF plenary and working group meetings are scheduled to take place in Paris from 21 to 26 February. The position of Pakistan in the ‘gray’ list in those meetings is likely to be decided. Pakistan was placed on the FATF’s ‘Gray’ list in June 2018 and given a deadline to address global concerns by implementing 27 issues. Countries in the gray list are those where terrorism funding and money laundering are at greatest risk, but these countries are willing to work with the FATF to prevent it.
The FATF concluded in its digital plenary meeting in October last year that Pakistan would remain on the list until February 2021 as it failed to fulfill its six key obligations. These include taking action against two of India’s most wanted terrorists – Maulana Masood Azhar and Hafiz Saeed.
According to a report published in the Express Tribune newspaper, although Foreign Minister Shah Mahmood Qureshi had expressed optimism about the outcome of the forthcoming FATF meeting, officials have acknowledged that Pakistan will remain on the gray list until at least June.