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Pakistan likely to exit FATF grey list as plenary session ends today

09:44 AM | 21 Oct, 2022
Pakistan likely to exit FATF grey list as plenary session ends today
Source: File Photo

ISLAMABAD/PARIS – Islamabad is expected to be taken off the ‘increased monitoring list’ also known as the grey list of the global money-laundering watchdog as FATF’s plenary session concludes today in the French capital.

The plenary meeting of the Financial Action Task Force will decide on the removal of the South Asian country from the grey list, as Pakistan faced severe financial blows and difficulties amid dilapidating economy.

In a statement, FATF said the first Plenary under the two-year Singapore Presidency of T. Raja Kumar will take place on October 20-21, which will be attended by delegates representing 206 members of the Global Network and observer organizations, United Nations, World Bank, Interpol, and other officials.

Minister of State for Foreign Affairs Hina Rabbani Khar is in Paris to lead the Pakistani delegation, where she also interacted with French officials. 

Earlier this year, the FATF said it was keeping Pakistan on the grey list but hinted at removal after an on-site visit to verify progress.

Last month, Foreign Office revealed that a FATF technical team visited the country and Islamabad was expecting a logical conclusion of the evaluation process.

Pakistan has completed all prerequisites of the FATF action plan, as much sought removal from the grey list will help Islamabad to come clean over deficiencies in the system to avert money laundering and terror financing.

Pakistan was placed on the grey list in June 2018 for deficiencies in its system to avert money laundering and terror financing.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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