FBR chairperson informs members of real estate associations about FATF’s requirements in relation to DNFBPs.
The concern that the platform is being used against Pakistan by India is not entirely misplaced.
In compliance with the FATF's recommendations, banks have started keeping an eye on their clientele.
Pakistan is now fully compliant with eight recommendations and largely compliant with 27 others, says follow-up report.
Pakistan will not take any foreign dictation on the issue of prosecution of its nationals, PTI minister says during NA session.
It was no secret that India had been manoeuvring behind the scenes to ensure that Pakistan remained on the grey list.
Senator Mushtaq Ahmad calls it a black day in the parliamentary history of the country.
Courts in Balochistan awarded convictions in three major money-laundering cases in the last week of June.
Asks media to highlight issue of uranium export in India as much as possible.
Says plans afoot to deal with coming energy problems.
Says it is yet to be determined whether FATF is a technical or a political forum.
26 out of 27 items in original action plan completed but delisting to occur after parallel action plan by APG is also addressed.
"We had been given 27 points in the FATF Action Plan, out of which work on 26 has been completed," says foreign minister.
Islamabad now compliant or largely compliant with 31 out of 40 recommendations.
The move is in line with the govt's commitments to the FATF.
The govt is set to introduce new rules on forfeiture, management and auction of properties and assets.
SBP and SECP sign letter of understanding for amendments in the terms of reference of the joint task force.
All tax-filing real estate dealers required to submit online four-page questionnaire in seven days.
Finance minister calls for expediting efforts to fulfil the requirements in the remaining three areas.
Pakistan has to report back to FATF with full compliance on all 27 items after which it will send technical team for verification.
The FATF decision should jolt the authorities out of their complacency.
"Pakistan achieved exemplary progress despite a very tough action plan, tight timelines, and the Covid-19 pandemic," he says.
Pakistan needs to address the remaining “serious deficiencies” in counter-terrorism financing mechanism by June: watchdog.
A final decision will be announced by the FATF president on the conclusion of the four-day virtual plenary on Feb 25.
Official says Pakistan has complied with the six reccomendations and submitted details to FATF secretariat.
Working groups start meetings ahead of Feb 22 plenary session.
The FATF meeting is scheduled to take place virtually from Feb 22 to 25.
The SBP has asked the banks to obtain additional information on customers.
Says the act had been passed by Parliament under pressure from the FATF.
Parliament passed laws for October review and for next year's evaluation, he says.