Some powers desire to keep sword of FATF hanging over Pakistan: Qureshi

Published
116
Foreign Minister Shah Mahmood Qureshi said it needed to be looked into whether FATF was "being used for political purposes". — APP/File
Foreign Minister Shah Mahmood Qureshi said it needed to be looked into whether FATF was "being used for political purposes". — APP/File

Foreign Minister Shah Mahmood Qureshi on Saturday questioned the Financial Action Task Force's (FATF) decision to continue to keep Pakistan on the watchdog's "increased monitoring list", also known as the grey list, despite implementation on 26 out of 27 points included in the original action plan.

In a statement, Qureshi said there was "no room" to keep Pakistan on the grey list after it had implemented nearly the entire action plan, according to a report by Radio Pakistan.

The foreign minister said it needed to be looked into whether FATF was "being used for political purposes", adding "some powers desire to keep the sword of FATF hanging over Pakistan."

It was yet to be determined whether the FATF was a technical forum or a political one, the statement quoted him as saying.

Qureshi said whatever steps Pakistan took were in its own interests, emphasising that it was in Pakistan's interest to stop money laundering and terror financing.

Read: FATF's decision to retain Pakistan on grey list raises eyebrows

A day earlier, FATF President Dr Marcus Pleyer said Pakistan would remain on the grey list till it addresses the single remaining item on the original action plan agreed to in June 2018 as well as all items on a parallel action plan handed out by the watchdog's regional partner — the Asia Pacific Group (APG) — in 2019.

"Pakistan has made significant progress and it has largely addressed 26 out of 27 items on the action plan it first committed to in June 2018," he said at a virtual press conference after the financial watchdog's five-day plenary meeting.

Pleyer, however, added that the item on financial terrorism still needed to be addressed which concerned the "investigation and prosecution of senior leaders and commanders of UN-designated terror groups".

He said Pakistan was still "failing to effectively implement the global FATF standards" across a number of areas.

When asked about the new action plan after the APG evaluation, Pleyer said the plan had "six action items including enhancing international cooperation and demonstrating that assistance is being sought from foreign countries in implementing UN Security Council designations".

Pleyer said even after the last remaining item on the original action plan was addressed, delisting would not occur as there was a parallel action plan that was also given.

Opinion

Editorial

Muddled hierarchy
Updated 15 Nov, 2026

Muddled hierarchy

The jurisdiction of the two courts and a mechanism for settling disputes between them should be spelt out in law, not left to judges to fight over.
Growing crisis
Updated 15 Nov, 2026

Growing crisis

Calling population growth a national emergency is easy. Ensuring that the response reaches the people who need it is the real challenge.
Organised rackets
15 Nov, 2026

Organised rackets

ON the International Day against Transnational Organised Crime, observed today, Pakistan finds itself in a tight...
Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...