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Govt eyes comprehensive law to regulate companies, state institutions: Hafeez Shaikh

Hafeez urges adherence to FATF-related deadlines

Finance Minister Dr Abdul Hafeez Shaikh on Monday stressed the need for strict adherence to timelines for the successful culmination of the Action Plan proposed by the Financial Action Task Force (FATF) for Pakistan.

Financial Monitoring Unit Apprises National Executive Committee on FATF Progress

Trade deficit can be restrained via 'import deletion' under PPP

news Trade deficit can be restrained via ‘import deletion’ under PPP DNA The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has asked the government to give the export industry status to the local vending industry, which is fully capable of bridging the huge gap of ever-rising trade deficit not only through enhancing exports but also controlling unbridled imports through ‘import deletion’ of industrial replacement parts. In a letter, written to the Federal Minister for Industries and Production Hammad Azhar, the association has asked the government that there is a huge possibility of ‘import deletion’ of industrial replacement parts, in addition to the automotive parts, through public-private partnership (PPP). “Through ‘import deletion’ we can minimize our dependence on imported goods by using reverse engineering technology in Pakistan under public-private partnership in line with the Chinese model, preventing the rapid outflow of billions of dollars spent on imported merchandize,” said Convenor Business Development Committee PAAPAM MR Mirza Sikander Baig in the letter.

Export sector status sought for vending industry

Export sector status sought for vending industry Auto parts body asks govt for import deletion of industrial parts through PPP LAHORE: Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has urged the government to give export industry status to the local vending industry, which is fully capable of contracting the trade deficit not only through enhancing exports but also controlling imports through import deletion of industrial replacement parts. In a letter written to Federal Minister for Industries and Production Hammad Azhar, the association has asked the government that there is a possibility of “import deletion” of industrial replacement parts, in addition to the automotive parts, through public-private partnership.

Pakistan cannot be put on FATF blacklist after govt's steps: Hammad Azhar

Pakistan has complied with 90% of FATF action plan: Minister

Still in grey list: Pakistan given till June to implement last 3 items of action plan

Some serious deficiencies remain and so Pakistan will continue to remain under increased monitoring, says FATF

FATF keeps Pakistan on grey list till June

FATF gives 4th extension to Pakistan to fully implement ‘action plan’ There are still some serious deficiencies that the country needs to address, says FATF President Dr Marcus Pleyer FATF President Dr Marcus Pleyer addresses the webinar. SCREENGRAB ISLAMABAD: The Financial Action Task Force (FATF) on Thursday gave fourth extension to Pakistan to fully implement a 27-point action plan and "strongly urged" it to meet the remaining three conditions about terror financing investigations and the United Nations Security Council resolutions. Against the government’s hopes of exiting the grey list this time, the FATF plenary found the country’s progress on three out of remaining six points less than satisfactory. Pakistan would remain on the grey list till June 2021, a statement issued by the FATF from Paris saiad.

FATF keeps Pakistan on grey list till June