NSC reiterates commitment to combate money-laundering and terror financing

Islamabad Politics Report/Moazzam Raza Tabassam: National Security Committee on Friday under the chair Prime Minister Justice (Retd) Nasir-ul-Mulk reiterated a firm commitment to fulfilment of obligations regarding combating money-laundering and terror financing.

Pakistan was recently placed on the ‘grey list’ for failing to curb anti-terror financing by the Financial Action Task Force (FATF), despite Islamabad submitting a 26-point action plan and launching a concerted diplomatic campaign to avert the fateful decision.

The meeting was attended by Lt. Gen (R) Naeem Khalid Lodhi, Minister for Defence, Mr. Abdullah Hussain Haroon, Minister for Foreign Affairs, Ms. Shamshad Akhtar, Minister for Finance, Mr. Muhammad Azam Khan, Minister for Interior, Syed Ali Zafar, Minister for Law/Information, Chairman Joint Chiefs of Staff Committee General Zubair Mahmood Hayat, Chief of Army Staff General Qamar Javed Bajwa, Chief of Naval Staff Admiral Zafar Mahmood Abbasi, Chief of Air Staff Air Chief Marshal Mujahid Anwar Khan, Director General ISI Lt. Gen Naveed Mukhtar and senior civil and military officials.
Minister for Finance Ms. Shamshad Akhtar gave a detailed presentation to the participants about the deliberations during meetings of Financial Action Task Force and International Co-operation Review Group held in Paris. Details of the Action Plan and the way forward was also discussed. The Committee appreciated the efforts of the Finance Minister and her team at the forum. The participants reiterated a firm commitment to fulfilment of obligations regarding combating money-laundering and terror financing.
The meeting reviewed the overall economic situation in the country. Minister for Finance made a detailed presentation on state of economy.

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