ISLAMABAD: Pakistan is hopeful to exit the grey list of Financial Action Task Force (FATF) this Friday after the upcoming plenary of the global dirty money watchdog in Paris since the country has successfully implemented 34 action points to counter money laundering and terrorism financing, said officials on Wednesday.
The FATF downgraded Pakistan to its “increased monitoring list” – commonly known as the grey list – in June 2018.
The list includes countries with weak financial systems which can be exploited by criminal elements for money laundering and terrorism financing. These countries formally pledge to work with the task force to strengthen their financial systems by making necessary amendments to them.
Pakistan also agreed to address the deficiencies in its legal, financial and regulatory systems to curb money-laundering and terrorism financing. The country was initially handed over a 27-point action plan, though it was later enhanced to 34 to address all the deficiencies.
“We are hopeful to exit the grey list as we have met all the requirements,” a top Federal Board of Revenue (FBR) official, who was involved in implementing the watchdog’s concerns regarding designated non-financial businesses and professions, told Arab News on condition of anonymity.
He informed that his FBR unit had ensured that the ill-gotten criminal proceeds could not be stashed in real estate, gold or other precious metals and stones.
“We have completed all the action plans and the FATF has also recognized it,” he continued. “Now it is entirely up to them as to what they decide in the meeting.”
The FATF plenary will be held on October 20-21. It will be attended by the delegates representing 206 members of the Global Network and observer organizations, including the International Monetary Fund, United Nations, World Bank, Interpol and Egmont Group of Financial Intelligence Units.
In June this year, the global watchdog recognized Pakistan’s progress on implementing the 34-point action plan, though it continued to keep the country on the grey list while mentioning an onsite inspection to verify the country’s progress.
A 15-member joint delegation of the FATF and its Sydney-based regional affiliate — Asia Pacific Group — paid the visit to Pakistan between August 29 and September 2 to verify its compliance with the action plan.
“From our perspective, the onsite visit was successful,” the FBR official said.
The Pakistan foreign office spokesperson, Asim Iftikhar, did not respond to a telephone call and text message by the time the story was filed.
Another official of the Financial Monitoring Unit (FMU), who supervised the implementation of the 34-point action plan, cautiously told Arab News the plenary would make the final decision on the issue by Friday.
“Things are in process at the moment,” Samina Chagani, deputy-director at the FMU, said. “We have done our job and things will now be discussed at the plenary.”
She also advised to wait “until the final announcement by the FATF” on Friday.
In June, Pakistan said it was “one step away” from exiting the grey list after the successful completion of the action plans.
“The successful completion of the action plans and its formal endorsement by FATF means that Pakistan has come to one step away from exiting from the grey list,” state minister for foreign affairs Hina Rabbani Khar, who is also the chair of Pakistan’s National FATF Coordination Committee, said at a media briefing.
Economists and experts said that Pakistan’s removal from the FATF watchlist could help the country attract foreign investment in different sectors if a proper strategy was adopted.
“This will be positive news for the investors,” Dr. Salman Shah, a senior economist and former adviser to the government, told Arab News. “But this is unlikely to have any immediate, short-term impact on our economy because some other irritants like political instability still exist to put the investors off.”
He said that a “negative irritant” would be abolished with the removal of the country from the FATF’s grey list and “this will help bring foreign inflows in the long-term.”
Pakistan hopeful to exit global dirty money watchdog’s grey list on Friday – officials
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Pakistan hopeful to exit global dirty money watchdog’s grey list on Friday – officials
- The Financial Action Task Force will announce its decision after discussing Pakistan’s implementation of 34-point action plan
- Experts say they don’t see immediate positive impact on the country’s economy, though exiting the list may boost foreign inflows
Former foreign minister, serving chief minister among 14 indicted for attack on Pakistan army headquarter
- Imran Khan supporters accused of attacking GHQ, other military installations on May 9, 2023, following his brief arrest in land graft case
- Hundreds of PTI supporters and dozens of leaders were subsequently arrested while police registered cases against PTI party top leaders
ISLAMABAD: Former foreign minister Shah Mahmood Qureshi and Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur, key aides of jailed ex-premier Imran Khan, were among 14 members of his party indicted on Thursday in a case involving an attack last year on the military’s headquarters (GHQ).
The move comes after Khan was himself also indicted on Thursday on charges of inciting his supporters to attack GHQ on May 9, 2023, when Khan was arrested by the national anti-corruption agency in a land graft case. The arrest sparked a wave of protests by Khan supporters across the country, with rioters attacking important state buildings and ransacking military facilities, including the GHQ in the garrison city of Rawalpindi and the residence of the army’s top commander in the eastern city of Lahore.
Hundreds of supporters and dozens of leaders of Khan Pakistan Tehreek-e-Insaf (PTI) party were subsequently arrested while police registered cases against the party’s top leaders, including Khan.
Following Thursday’s indictment, Qureshi spoke to reporters outside Adiala Jail, saying he was being “targeted for political revenge.”
“I was in Karachi on May 9, not Rawalpindi,” Qureshi told reporters. “I say take mine and the prosecutor’s oaths on May 9 under Section 16 of the Anti-Terrorism Act.”
Besides Qureshi and Gandapur, Senate opposition leader Shibli Faraz, Shehryar Afridi, Kanwal Shauzab, Latasab Satti, Umar Tanveer Butt, Taimur Masood, Saad Ali Khan, Sikandar Zeb, Zohaib Afridi, Fahad Masood and Raja Nasir Mahfouz are other PTI members indicted today.
On Monday, former human rights minister Shireen Mazari and eight others were also arraigned in the GHQ case, in which a total of 113 PTI leaders and supporters have so far been indicted.
Following Thursday’s indictment, Gandapur, Afridi and Shauzab filed applications under Section 265-D of the Criminal Procedure Code, which deals with framing charges against an accused. A hearing on the applications has been scheduled for tomorrow, Friday, at the Anti-Terrorism Court (ATC) in Adiala Jail.
Should Gandapur appear in court tomorrow, his arrest warrant will be canceled, Pakistan’s Dawn newspaper quoted the judge as saying.
After Monday’s indictments against Mazari and eight others, the PTI had said in a statement to reporters:
“It’s good that things are going toward indictment … As the case goes to trial, then it will come out whether these accused people are actually involved, and they will get a way to fight these false charges through the legal and judicial system. Up until now, people were just being kept in custody and things were lingering on for a year and a half.”
Nearly 2,000 people were arrested following the May 9 protests and at least eight were killed. The government had called in the army to help restore order.
Though Khan was released on bail within days of the May 9 arrest, he was later rearrested in August 2023 after he was handed a three-year prison sentence in another corruption case. He has been in jail since then.
His party was barred from Pakistan’s election on Feb. 8, 2024, but the would-be candidates stood as independents.
Despite the ban and Khan’s imprisonment for convictions on charges ranging from leaking state secrets to corruption, millions of the former cricketer’s supporters voted for him. Independent candidates from his party won the highest number of seats but not enough to form a government on their own. Khan cannot be part of any government while he remains in prison.
Khan and his party say all legal cases against him are based on made-up charges to keep him out of politics at the behest of the army after he had fallen out with the military’s generals. The army denies the accusation.
Pakistani PM condemns Israeli military actions at special D-8 session on Middle East conflict
- Shehbaz Sharif announces support for mediation efforts by Qatar and Egypt, calls for funding for war-torn regions
- More than 45,000 people including women and children have been killed during the 14-month war in Palestine
ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif on Thursday condemned Israel’s “unrelenting atrocities” in Gaza, the West Bank, Lebanon and Syria, applauding countries like Egypt and Qatar for leading international mediation efforts to end the war in the Middle East.
Sharif was speaking at a special session called during the Eleventh Summit of the D-8 group of developing nations, which is taking place in Cairo this week.
Health officials in the Gaza Strip have said the death toll from the 14-month war between Israel and Hamas has topped 45,000 people, with more than half of the fatalities being women and children. The Israeli military says it has killed more than 17,000 militants, without providing evidence.
Israel has since launched attacks on Lebanon as well, killing over 3,000 after accusing Hezbollah of targeting its military. This month, it took control of Syria’s buffer zone and bombed key military and strategic assets after the overthrow of the Bashar Assad regime by opposition forces.
“Israel’s deliberate and inhumane targeting of the people of Gaza and Lebanon, with intensifying savagery has resulted in a relentless massacre that blatantly violates international law, UN resolutions and ICJ directives,” Sharif said in an address to the special session, referring to Israeli aggression in Gaza, the West Bank, Lebanon and Syria.
“Pakistan supports all international mediation efforts for an immediate ceasefire and for that, we deeply appreciate the efforts of Qatar and Egypt,” the PM added, calling for the provision of funding and aid for the rehabilitation and reconstruction of Gaza, the West Bank, Lebanon and other war-torn areas.
Since the beginning of Israel’s war on Gaza, Pakistan has repeatedly raised the issue at the United Nations, the Organization of Islamic Cooperation and other multilateral platforms and demanded international powers and bodies stop Israeli military actions.
Islamabad does not have diplomatic relations with Israel and has for decades called for an independent Palestinian state with Al-Quds Al-Sharif as its capital.
Pakistani ministry signs agreement with National Testing Service for selection of Hajj staff
- Pakistan selects hundreds of assistants via competitive process every year to facilitate local pilgrims
- Pakistan has received 82,000 applications for next year’s Hajj pilgrimage under government scheme
ISLAMABAD: The Pakistani ministry of religious affairs has signed an agreement with the National Testing Service, which will hold exams for the selection of supervisors and assistants for next year’s Hajj pilgrimage, the ministry said on Thursday.
Pakistan selects hundreds of assistants and doctors from federal and provincial government departments via a competitive process every year to facilitate local pilgrims in performing the rituals of the annual pilgrimage in Saudi Arabia.
Pakistan had received 82,000 applications for next year’s Hajj under the government scheme by Tuesday when the submission deadline ended. Saudi Arabia has allotted Pakistan a quota of 179,210 pilgrims, to be divided equally between government and private schemes. The government extended the deadline for applications twice this month, first from Dec. 3 to Dec. 10, and then to Dec. 17, as it aims to fill over 89,000 seats under the federal government quota.
“Like last year, this year too, the selection of Hajj Assistants who will be sent on Hajj duty will be done through National Testing Service,” the religious affairs ministry said.
“According to the agreement, staff will be appointed on the basis of merit as per the federal and provincial quotas, in which a specific ratio of new and experienced assistants has been kept … Government employees and officers of Scale 7 to 18 will be eligible to apply.”
The ministry said it would “soon” announce the selection through an advertisement.
The ministry of religious affairs trains Hajj assistants and pilgrims every year ahead of their departure to Saudi Arabia to ensure all aspects of the pilgrimage process, including food, transportation, and accommodation in Makkah and Madinah, run smoothly.
Pakistan last year sent 550 Hajj assistants and 400 doctors and paramedical staff to Saudi Arabia to facilitate pilgrims.
Pakistani president calls for greater parliamentary cooperation with Saudi Arabia
- Chairman of Saudi Arabia’s Shura Council is on three-day visit to Pakistan
- Council is legislative body that advises the king and his regulatory authority
ISLAMABAD: President Asif Ali Zardari on Thursday met Dr. Abdullah bin Mohammed bin Ibrahim Al-Sheikh, the chairman of Saudi Arabia’s Shura Council, and discussed enhancing parliamentary cooperation and high-level exchanges with the Kingdom.
The chairman of the Shura Council, a legislative body that advises the king and his regulatory authority, is on a three-day visit to Pakistan, during which he has met Prime Minister Shehbaz Sharif, Senate Chairman Yousaf Raza Gillani, National Assembly Speaker Ayaz Sadiq and others.
“President Zardari has emphasized the need for enhancing parliamentary cooperation and high-level exchanges with the Kingdom of Saudi Arabia (KSA) to deepen the fraternal relationship between Pakistan and KSA,” the president’s office said in a press release on Thursday after he met the visiting dignitary.
“He reaffirmed Pakistan’s commitment to further strengthening economic, political, and cultural ties with KSA for the mutual benefit of both nations … both sides emphasized the need to transform the longstanding bilateral relationship into a more robust and strategic partnership.”
Zardari also expressed concern over the conflict in the Middle East, saying Pakistan stood in solidarity with “brothers and sisters” from Palestine, Lebanon and Syria.
Pakistan and Saudi Arabia are longtime allies, with Islamabad seeking closer economic, defense and security ties with the Kingdom, host to nearly 2.5 million Pakistani expatriates and the largest source of remittances for the cash-strapped South Asian nation.
Pakistan says five killed, no information on missing as search ends in Greece boat tragedy
- Report in Geo News says at least 40 Pakistanis killed in migrant boat tragedy off Greek island of Gavdos last week
- Six cases filed against suspects accused of facilitating transport of victims from Punjab to Libya where they boarded boats
ISLAMABAD: Pakistan’s mission in Greece said on Thursday five Pakistanis had been killed in a migrant boat tragedy off the Greek island of Gavdos last week but it had “no concrete information” on how many of its nationals were missing.
The latest incident of the boat capsizing highlights the perilous journeys many migrants undertake due to conflicts and lack of economic opportunities in their home countries.
In 2023, hundreds of migrants, including 262 Pakistanis, drowned when an overcrowded vessel capsized and sank in international waters off the southwestern Greek coastal town of Pylos. It was one of the deadliest boat disasters ever recorded in the Mediterranean Sea.
A report in Pakistan’s Geo News on Thursday said at least 40 Pakistanis had been killed in the latest tragedy, quoting the embassy in Athens.
“So far, we have information of five dead Pakistanis and another 47 who have been rescued. No concrete information of missing persons is with us, and this is the final information available at this time,” an official at Pakistan’s mission in Greece told Arab News over the telephone, declining to be named.
“We are in contact with the authorities who have concluded their special search operation.”
The official added that regular patrolling would continue, and Greek authorities would inform the mission if any new information became available. He declined to comment on the Geo News report and referred Arab News to the foreign office.
Speaking to Arab News, Foreign Office Spokesperson Mumtaz Zahra Baloch said the government had already released death toll figures and had no further information.
“We cannot comment on people’s statements or claims regarding how many Pakistanis were on board until we receive evidence from the investigation,” she said in response to a question about the Geo News report that 40 Pakistanis were feared dead. “It is difficult to verify the claimed figure, as there was no official record of their travel.”
On Wednesday, Prime Minister Shehbaz Sharif ordered strict measures to combat human trafficking and demanded a detailed report on human trafficking incidents involving Pakistani citizens this year.
Separately, the Federal Investigation Agency (FIA) has filed six cases against suspects accused of facilitating the transport of victims from Punjab to Libya, where they were subsequently sent on boats to Greece.
Greece was a favored gateway to the European Union for migrants and refugees from the Middle East, Africa and Asia in 2015-2016, when nearly 1 million people landed on its islands, mostly via inflatable dinghies.
Incidents with migrant boats and shipwrecks off Crete and its tiny neighbor Gavdos, which are relatively isolated in the central Mediterranean, have increased over the past year.
