Anti- terror measures

Pakistan has reiterated its strong resolve to strengthen measures against terrorism and terrorism financing and to implement the Action Plan by adopting a whole-of-a government approach during FATF plenary meeting held in Paris, France, a few days back to discuss issues relating to security and integrity of the global financial system. This opportunity ensured Islamabad’s commitment to world for compliance of international standards and increasing effectiveness of regulatory and enforcement regimes for its own benefit.
According to the reports in the media, Pakistan delegation was led by Caretaker Federal Finance Minister Dr Shamshad Akhtar and included senior officials of the Finance Ministry, State Bank of Pakistan and Ministry of Foreign Affairs among others. Pakistan delegation on the sidelines of FATF and ICRG meetings held bi-lateral deliberations with several FATF members for ensuring their support in FATF process. It is good to note that the FATF/ICRG group duly supported Islamabad’s proposition on keeping the timeframe realistic as much as possible for implementation of policy decisions.
In furtherance of the deliberations in Paris last month, the caretaker federal government without losing any time is putting in place a strategy to implement the Action Plan in next 15 months and for this purpose a high-powered, inclusive and robust institutional coordination and monitoring mechanism has already been evolved for Action Plan timely implementation which is quite commendable to say the least.

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