‘Pakistan may remain on FATF grey list beyond Feb 2020’

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Islamabad: Pakistan may remain on grey list of the Financial Action Task Force (FATF) beyond February 2020,Federal Minister for Economic Affairs Hammad Azhar said.

Azhar said Pakistan faces greater challenges than many other countries because of its risk profile. He said some countries were removed from the grey list even after just 80 per cent compliance while Pakistan was being pressurised to ensure 100 per cent compliance.

The minister claimed that Pakistan was taking timely steps to meet the FATF targets.

The Islamic nation is set to submit its next report on its action plan to the Asia-Pacific Group (APG) by December 7.

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