Govt fulfills important condition of FATF, IMF

Islamabad: The government of Pakistan on Thursday fulfilled an important condition of International Monetary Fund (IMF) and Financial Action Task Force (FATF).

According to sources, the National Anti-Money Laundering and Counter Financing of Terrorism Authority Bill 2023 was approved by the National Assembly. Foreign Affairs Minister of State Hina Rabbani Khar made the request.

The Minister of State for Foreign Affairs said this legislation is of immense importance and if enforced and properly implemented, it will make sure that Pakistan does not see the FATF’s grey list again.

A National Anti-Money Laundering and Counter Financing of Terrorism Authority would be established, according to Hina Rabbani Khar. she said, the Prime Minister will appoint the authority's chairman.

She stated that the authority will be made up of the Secretaries of Finance, Foreign Affairs, and Interior, as well as the Governor of the State Bank of Pakistan, Chairman of the Securities and Exchange Commission of Pakistan, Chairman of the National Accountability Bureau, National Coordinator of NACTA, and chief secretaries of the provinces.

The Protection of Journalists and Media Professionals (Amendment) Bill, 2023, The Press, Newspapers, News Agencies and Books Registration (Amendment) Bill, 2023, The National Logistics Corporation Bill, 2023, The Gun and Country Club Bill, 2023, The Pakistan Air Safety Investigation Bill, 2023, and The Institute of Gujarat Bill, 2023 were among the other bills that the house approved today. The House then broke for the day and will reconvene tomorrow at eleven.