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.
Outstanding items mostly pertain to the prosecution side as laws and systems have largely been put in place.
Yet the real test starts now.
Senator Sherry Rehman says govt “must give an explanation for why it did not manage to get Pakistan removed from the grey list”.
Hammad Azhar says some circles propagating "false and baseless information about abstention or negative voting".
Pakistan has complied with 21 out of 27 points, says FATF.
"Pakistan greatly values its relations with the brotherly Saudi Arabia and firmly rejects such malicious propaganda."
"It is India that has vitiated the atmosphere with its illegal and unilateral actions in occupied Kashmir," says FO spokesman.
Pakistan needs the support of a minimum of 12 member countries of the 39-member FATF to exit the grey list.
The review is based on the performance as of Feb; Pakistan has made robust progress on the FATF's action points since then.
“All the conditions of FATF have largely been met, there is no regulatory requirement pending in this regard," he says.
The govt has already submitted its report to the taskforce and its affiliated review groups, and responded to their comments.
Opposition condemns passage of bills, says govt has "crossed red lines".
Bill on terror financing is third FATF-related legislation to have been passed by the NA but rejected by opposition-ruled Senate.
Another bill introduced in NA provides for up to two-year imprisonment or Rs500,000 fine or both for defaming armed forces.
Consultations to be held with leaders of various political parties before session, says Asad Qaiser.
Pakistan has to submit a compliance report to FATF on September 30.
The opposition is fully within its rights to raise questions about the provisions of these bills wherever required.
PM discusses matter with parliamentary affairs aide.