Govt to tighten rules against money laundering: Ali Jehangir

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WASHINGTON : Ali Jehangir Siddiqui, Pakistan’s ambassador to the United States said that there would be no major impact on country’s economy after being placed on the Paris-based FATF watch list.

In an interview with a foreign media agency, he said that Islamabad hopes to get off the list within fifteen months and that government is committed to further tighten rules against money laundering. AboutPakistan economy condition, he said the multi-billion dollars CPEC project has given a tremendous boost to its economy and investment and it has recovered significantly in the past few years, posting a 5.5 growth in the previous financial year.

In response to a question, he said Trump administration recognizes the importance of Pak-US relations and achieving peace in Afghanistan.

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