Pakistan hopes to get off FATF grey list as President Alvi approves new bills

Pakistan hopes to get off FATF grey list as President Alvi approves new bills
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Islamabad (Web Desk): After signing 8 bills approved by joint session Pakistan likely to get rid of Financial Action Task Force (FATF) grey list.


“Pakistan has fulfilled FATF main demand by making law regarding Money Laundering.”National Assembly Secretariat confirmed President Alvi’s signature on the bills. 

According to new law,people and institutions involved in money laundering would be convicted strictly. This step was taken to curb financial assistance of terrorists.

It is pertinent to mentioned that the FATF had included Pakistan in its grey list in order to avoid financial assistance to the terrorists, who were creating mess not only in Pakistan but also in other countries of the world.

Meanwhile, the President also signed the Pakistan Medical Commission and Tribunal Bills 2020.

Moreover, a bill to increase the number of judges of the Islamabad High Court was also signed, a bill for the disabled was also signed by the President.