The Financial Action Task Force has granted a three-month reprieve to the country
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Pakistan claimed that it had foiled US-led efforts to place it on a terrorist financing watch-list after the country was granted a three-month reprieve by Paris-based watchdog FATF.
The Financial Action Task Force (FATF), a global body that combats terrorist financing and money laundering, met in Paris amidst reports that the US with support of some European allies was trying to place Pakistan on a list of countries that financially support terrorism. Pakistan’s Foreign Minister Khawaja Asif took to social media to announce that "our efforts paid" and "no consensus for nominating Pakistan" for the watch-list was reached at the conclusion of meeting on the US-led motion.
Corruption case of '2 billion reopened
Pakistan’s anti-corruption watchdog has decided to reopen a '2 billion corruption case against four former top army officers, including an ex-chief of the ISI, for allegedly transferring prime railway land to a Malaysian firm at throwaway rates in 2001. National Accountability Bureau decided to proceed with the case, which remained dumped for 17 years due to reluctance on its part to act against military officers.
11 Total no. of jurisdictions on the monitoring list of FATF
2015 The year Pakistan was removed from the grey list
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