FM Shah Mahmood Qureshi says no room to keep Pakistan on grey list

ISLAMABAD (92 News) – Foreign Minister Shah Mahmood Qureshi has said that there is no room to keep Pakistan on the grey list after it has implemented 26 out of 27 action plans of the Financial Action Task Force (FATF).

In a statement on Saturday, he said that it will have to be looked whether the FATF is a technical or political forum. "There is a need to look into the matter whether this forum is being used for political purposes," he maintained.

The minister said that some powers want to keep the sword of FATF hanging over Pakistan. "The FATF itself has accepted that Pakistan has implemented 26 out of 27 action plans whereas significant progress has been made on the 27th one," he added.

Shah Mahmood Qureshi made it clear that whatever steps Pakistan took were in its own interests. "It is in our interest to stop money laundering and terror financing," he concluded.