Connect with us

Business

Pakistan likely to exit FATF ‘grey list’

The FATF, an international organization that oversees money laundering and terrorist financing worldwide, is holding a four-day meeting in Berlin from June 14 to 17. 

Published

on

By

Pakistan likely to exit FATF ‘grey list’
GNN Media: Representational Photo

Islamabad: Pakistan is likely to be off the ‘grey list’ of the Financial Action Task Force (FATF) when a crucial four-day review meeting begins in Germany tomorrow, government sources said.

According to details, Pakistan has been on the ‘gray list’ of the FATF since 2016 and has not been able to get out of the list of this international organization. But, this time there is a possibility of ‘liberation from the curse’.

The FATF, an international organization that oversees money laundering and terrorist financing worldwide, is holding a four-day meeting in Berlin, Germany, from June 14 to 17. 

Pakistan’s delegation, led by Minister of State for Foreign Affairs Hina Rabbani Khar alongside senior officials of the foreign and finance ministries, left for Germany to attend the crucial meeting.

The organization will finalize key issues at its four-day meeting, including a report on curbing money laundering through the real estate sector.

Matters pertaining to Pakistan's removal from the increased monitoring list will be discussed on June 15 and 16. Another report will urge financial institutions to use mutual analysis, data collection and other support measures to address issues as terrorist financing.

Moreover, diplomatic sources from Washington have said that the allied countries that are part of this lobbying are of the view that in order to revive Pakistan’s economy, it is necessary to remove it from the FATF’s grey list. 

It is pertinent to mention here that Pakistan needs votes of Turkey, China and Malaysia to get off the grey list, and all three countries have assured the Pakistani authorities of full support for the purpose. Hence, there are bright chances that the country will exit the ‘grey list’. 

The outcomes of this FATF plenary will be published on June 17. 

Earlier, at its meeting in Paris in March, the FATF had pointed out that Pakistan had completed 26 of the 27 in its 2018 action plan.

As per sources privy to the development, Pakistan has implemented 32 out of 34 points of the two FATF action plans given in 2018 and 2021. 

Pakistan

President calls for stronger commitment to address challenge of drug abuse

"The day was celebrated across the globe to prevent drug abuse and raise awareness about the alarming threats it poses to society, especially the youth."

Published by GNN WebDesk

Published

on

By

President calls for stronger commitment to address challenge of drug abuse

Islamabad: President Dr Arif Alvi said the government must strengthen its commitment to address the challenges stemming from drug abuse and illicit trafficking and protect youth from the threat of illicit drugs.

The International Day Against Drug Abuse and Illicit Trafficking is observed annually on June 26 to strengthen action and cooperation in achieving a world free of illicit drugs.

In a message on the occasion of the International Day Against Drug Abuse and Illicit Trafficking, he said the day was celebrated across the globe to prevent drug abuse and raise awareness about the alarming threats it poses to society, especially the youth.

The World Drug Report 2021, published by the United Nations Office on Drugs and Crime (UNODC), indicated that deaths attributed to drug-related disorders had almost doubled over the past decade. The youth, which makes up nearly 60% of Pakistan’s total population, remained especially vulnerable to drug abuse, he said adding students and parents must be sensitized through workshops and seminars with the help of the media, civil society, and educational institutions.

“To this end, the Higher Education Commission (HEC) can play an important role and it has been directed to implement a strict policy to counter drug abuse in higher educational institutions.”

He said, “Today, we also celebrate the tremendous efforts Pakistan has made in collaboration with international organizations to address drug-related challenges.”

International cooperation had helped limit the proliferation of new psychoactive substances used by younger generations, he added.

He commended the Ministry of Narcotics Control for the measures it had taken to combat the trafficking of illicit drugs in our society and mitigate the detrimental impacts of drug abuse. Pakistan had also achieved the status of a poppy-free state which was a reflection of the proactive approach taken by the Ministry of Narcotics Control/Anti-Narcotics Force, he mentioned.

“Only with cooperation and collective commitment will we achieve our vision of a world free of this menace. We are committed to making Pakistan a model country, in the region and beyond, in this fight against drug abuse and illicit trafficking,” he concluded.

Continue Reading

Pakistan

PM resolves to equip youth with latest education, skills

Pakistan would host 10th Commonwealth Youth Ministers Meeting in Islamabad in January next year.

Published by GNN WebDesk

Published

on

By

PM resolves to equip youth with latest education, skills

Islamabad: Prime Minister Muhammad Shehbaz Sharif Saturday expressed the resolve to take all such measures that could help in increasing the digital transformation and promote literacy and skills of the Pakistani youth in all forms of education and learning.

In a virtual address at the Commonwealth Heads of Government Meeting (CHOGM) being held in Kigali, Rwanda, the prime minister said that about more than sixty percent of the total population of the Commonwealth countries comprised of the youth who held the future of their countries in their hands.

“Further with increased role of technology and use of digital medium, we have come to realize that digital transformation is a key to achieve innovative, inclusive and sustainable growth,” he added.

About the CHOGM, the prime minister said that it gave him immense pleasure that they had gathered to think about their nations.

He appreciated the impacts of such a multilateral forum which could create on their shared goals, values, and principles as per Commonwealth charter.

He also reiterated that Pakistan was ready to contribute to the collective endeavours for the development of Commonwealth youth.

The prime minister also announced that Pakistan would host 10th Commonwealth Youth Ministers Meeting in Islamabad in January next year and invited the Commonwealth youth ministers to visit Pakistan and explore the beauty and diversity of the beautiful country.

Continue Reading

World

World Drug Day being observed today

This year's theme was to curb the spread of misinformation on the topic and to encourage the exchange of facts related to drugs.

Published by GNN WebDesk

Published

on

By

World Drug Day being observed today

Islamabad: The International Day Against Drug Abuse and Illicit Trafficking or World Drug Day was marked on June 26 every year around the globe with an aim to strengthen action and cooperation in achieving the goal of a world free of drug abuse.

As in other parts of the globe like every year, World Drug Day would also be marked in Pakistan on Sunday to raise awareness of the major problem that illicit drugs represent to society.

This day was supported by individuals, communities and various organizations all over the world. The aim of celebrating World Drug Day was to highlight the harmful effects of drugs.

The focus this year was to curb the spread of misinformation on the topic and to encourage the exchange of facts related to drugs.

Drug trafficking was a growing crime in Pakistan and police and the Ministry of Narcotics and anti-narcotics forces were cracking down on it on a daily basis.

Various events like motor car and bike rallies, drug awareness stage dramas and drug awareness walks, banners, steamers, panaflexes at Airports, Railway Stations, Bus Addas, Roads, Chowks, Traffic Signals and other important public places were being held all over the country, to mark the day.

He said in addition to these awareness activities, ANF also arranged display of banners, steamers, panaflexes at Airports, Railway Stations, Bus Addas, Roads, Chowks, Traffic Signals and other important public places.

Further, Awareness Video messages have also been played on LEDs installed at Airports, Railway Stations, important chowks, Bus Addas, Shopping Malls and other prominent places throughout the country.

Similarly, the Ministry of Narcotics Control and United Nations Office on Drugs and Crime (UNODC) Pakistan has also organized walk and cycling rally to commemorate the World Drug Day on Sunday here at Gulshan e Fatima Park, Margalla Road.

The event would be attended by Dr Jeremy Milsom Country Representative UNODC and DG Anti Narcotics Force (ANF).

The event would be attended by counterparts, senior government officials, the international community, students from schools, colleges, civil society and the general public.

Continue Reading

Trending