Home / Business / Asad Umer`s letter to FATF related to India is appropriate step

Asad Umer`s letter to FATF related to India is appropriate step

KARACHI: President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said that Financial Action Task Force is an International Organization that measures against money laundering and terror financing around the world and on that basis it includes different Countries to a Green, Gray or Blacklist. Chairperson of Senate Standing Committee for Interior, Rehman Malik requested with the FATF to inquire against India on which the FATF responded that the inquiry against a Country is outside their mandate which is totally wrong.

On the American complaint against Pakistan FATF added Pakistan to a Grey list, while Pakistan has requested the inquiry against India with concrete evidence has been rejected, which is quite sufficient to expose the dual policy and political objectives of the International Organization.

Mian Zahid Hussain told the Business Community that India is Co-Chair of the inquiry committee made against Pakistan and is wrongly using its position to mislead FATF for getting Pakistan blacklisted. Finance Minister Asad Umer has adopted this stand in demanding to remove India from Co-Chair ship of the inquiry committee against Pakistan, saying that India is taking an advantage of its position to prevent Pakistan from Economic growth because of its Pakistan’s rivalry. India is engaged in conspiracies and lobbying against Pakistan Internationally. The International community should take notice of using the FATF against Pakistan and play its role to foil the political stunt against Pakistan

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