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Grey List: Pakistan to present its case in FATF meeting today

10:19 AM | 25 Jun, 2018
Grey List: Pakistan to present its case in FATF meeting today
PARIS - Financial Action Task Force (FATF) will review Pakistan's case today and make a decision if to put the country on "grey-list". The FATF meeting is taking place in French capital from June 24 to June 29.

FATF is a global body which combats terrorist financing and money laundering.

Caretaker Finance Minister Dr Shamshad Akhtar and official of the financial monitoring unit will present Pakistans case and inform the  FATF about steps taken by the country to stem money laundering and terror financing. The Pakistani delegate is set to arrive in Paris today and will put forward a strong case on not placing its name on the greylist.

The decision to place Pakistan on FATF's grey list was made during a plenary meeting in February 2018.

Ever since then, the country took steps in keeping with the regulations of FATF. On June 8, the National Security Committee (NSC) reaffirmed its commitment to cooperate with FATF recommendations. The Securities and Exchange Commission of Pakistan issued Anti Money Laundering and Countering Financing of Terrorism Regulations 2018 on June 20, in compliance with FATF recommendations.

This isn't the first time Pakistan has faced restrictions by FATF. The country was placed in the greylist for three years; from 2012-2015.

What does it mean to be on the grey list


Being on the greylist will affect country's economy, potential future borrowing from International Monitaory Fund (IMF), and downgrade Pakistan's debt rating.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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