KATI felicitates on Pakistan exiting FATF’s gray list

Korangi Association of Trade and Industry (KATI) Patron-in-Chief SM Muneer and President Faraz-ur-Rehman expressed gratitude over the announcement of Pakistan was removed from the gray list by the Financial Action Task Force (FATF). Congratulating the nation, they said that Pakistan has achieved a great accomplishment at the global level.

Patron-in-Chief SM Muneer said that the credit for this success goes to Army Chief General Qamar Javed Bajwa, State Bank and related institutions, politicians and all stakeholders, due to their tireless efforts, the name of Pakistan was finally included in the white list. He said that since 2017 Pakistan was included on the grey list due to money laundering and terror financing charges, due to which has negative speculations in the global community, but due to the steadfastness of the army chief and the rulers, the prestige of Pakistan was restored at the international level.

KATI President Faraz-ur-Rehman said that Pakistan fulfilled the initial 27 conditions of FATF, later 7 more conditions were imposed which were fulfilled by the joint effort and dedication of the Pakistani government and armed forces. To achieve these difficult goals, the military, political and administrative institutions took effective measures showing patriotism, which yielded positive results. He said that after achieving the desired goals by Pakistan, India tried hard to include Pakistan in the blacklist, but all the conspiracies of India failed miserably. President KATI said that Pakistan achieved these goals which are difficult to achieve even for a developed country. Taking advantage of this opportunity, Pakistan should immediately get membership in FATF. Faraz-ur-Rehman further said that the whole nation deserves congratulations on this auspicious occasion who has achieved this by making numerous sacrifices.

Posted in News Update.

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