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FATF finally decides to put Pakistan on grey list after China, Saudi Arabia withdraw support for Pakistan: reports

03:10 PM | 23 Feb, 2018
FATF finally decides to put Pakistan on grey list after China, Saudi Arabia withdraw support for Pakistan: reports
PARIS - The Financial Action Task Force (FATF) has reportedly decided to place Pakistan on terror-financing watchlist after all-weather friend China, Saudi Arabia and Russia withdrew their objections over the resolution, however, according to a private TV channel, FATF spokesperson Alexandra Daniel has denied that Pakistan had been included in the grey-list.

The claim has been made by senior journalist Kamran Khan quoting high official sources. Khan said that Pakistan will be formally put on the list in June this year as it faced a major setback on the diplomatic front.

https://en.dailypakistan.com.pk/headline/pakistan-survives-attempt-to-put-it-on-fatfs-grey-list/

According to reports, Turkey did not withdraw its support at this forum, while other friends voted in the favour of the resolution, submitted by the US and co-sponsored by UK, Germany and France.

Secunder Kermani, a correspondent of BBC for Pakistan and Afghanistan, also tweeted that motion to place Pakistan on the FATF grey list was passed Thursday night after China and Saudi Arabia withdrew their earleir objections.



 

FATF Dismisses Claims of Reprieve

The FATF on Wednesday dismissed suggestions by Pakistan that the global watchdog had granted it a reprieve over terror financing, stating that it is yet to take a decision over whether to include Islamabad on its grey list.

“The FATF plenary started today (Wednesday), this is the decision-making body of the FATF. The outcomes will be published on Friday,” FATF spokesperson Alexandra Wijmenga-Daniel told an international news agency.

The previous day, Foreign Minister Khawaja Asif said his country has narrowly avoided being targeted by the FATF, tweeting that Pakistan had been granted a three-month reprieve by the body after a meeting in Paris failed to reach agreement on the matter.

https://en.dailypakistan.com.pk/headline/us-led-move-to-put-pakistan-on-fatfs-terror-financing-watchlist-reprived/

“No consensus for nominating Pakistan,” Asif wrote, adding that the FATF proposed a three-month pause along with the submission of an unspecified new report to the body.

However, the US said the FATF’s decision was expected later this week, indicating Islamabad’s celebrations might be premature.

“The final decision on that was due later this week, so I don’t want to get ahead of what that final decision would be,” state department spokesperson Heather Nauert told reporters. “I don’t have just independent confirmation that a decision was made early.”

She added: “A lot of countries have come together and they look at various nations who we believe and those other countries believe are not doing enough to crack down on terror financing, counterterrorism and the like.

“Pakistan is one of those countries that they’re taking a close look at, and they may be making – they’ll be making an announcement sometime soon.”

Pakistan had been on the FATF watchlist for years but was removed in 2015 following “significant progress” in meeting the demands of the group.

Relations between Pakistan and the US have been tense since President Donald Trump lashed out at the country last August. In January Trump ordered the suspension of US military aid to Pakistan, saying it was not doing enough to target the Afghan Taliban and Haqqani guerrilla group.

Earlier this month, the US tabled a motion to reintroduce Pakistan to the FATF watchlist as ties fray over US accusations that Islamabad is providing safe haven to militants. The motion was backed by Britain, France and Germany.

The move rattled officials and businesses across Pakistan, who fear any type of financial restrictions could crimp the country’s economic prospects.

Last week, Pakistan amended its anti-terror laws to ban groups listed as terrorists by the United Nations. Following the move, officials began seizing assets from Jamaat-ud-Dawa, whose leader Hafiz Saeed is a prime suspect in the 2008 Mumbai attacks.

 

 

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Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates

Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.

Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.

UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.

Today's currency exchange rates in Pakistan - 7 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.2 286.15
Euro EUR 308 311
UK Pound Sterling GBP 358.5 362
U.A.E Dirham AED 77.4 78.1
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 757.23 765.23
Canadian Dollar CAD 209 211
China Yuan CNY 39.89 40.29
Danish Krone DKK 41.19 41.59
Hong Kong Dollar HKD 36.41 36.76
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.39 1.45
Kuwaiti Dinar KWD 921.71 930.71
Malaysian Ringgit MYR 61.02 61.62
New Zealand Dollar NZD 174.54 176.54
Norwegians Krone NOK 26.05 26.35
Omani Riyal OMR 739.62 747.62
Qatari Riyal QAR 78.22 78.92
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.12 27.42
Swiss Franc CHF 324.94 327.44
Thai Bhat THB 8.06 8.21

Gold prices in Pakistan move down despite positive global cues; Check latest rates here

Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.

Gold Rates in Pakistan Today - 7 December 2023

On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130. 

Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.

In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.

Today Gold Rate in Pakistan

Today Gold Price in Pakistan (4 September 2023)

City Gold Silver
Lahore PKR 217,100 PKR 2,565
Karachi PKR 217,100 PKR 2,565
Islamabad PKR 217,100 PKR 2,565
Peshawar PKR 217,100 PKR 2,565
Quetta PKR 217,100 PKR 2,565
Sialkot PKR 217,100 PKR 2,565
Attock PKR 217,100 PKR 2,565
Gujranwala PKR 217,100 PKR 2,565
Jehlum PKR 217,100 PKR 2,565
Multan PKR 217,100 PKR 2,565
Bahawalpur PKR 217,100 PKR 2,565
Gujrat PKR 217,100 PKR 2,565
Nawabshah PKR 217,100 PKR 2,565
Chakwal PKR 217,100 PKR 2,565
Hyderabad PKR 217,100 PKR 2,565
Nowshehra PKR 217,100 PKR 2,565
Sargodha PKR 217,100 PKR 2,565
Faisalabad PKR 217,100 PKR 2,565
Mirpur PKR 217,100 PKR 2,565

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