by Malik Asad in Dawn, March 6th, 2019 ISLAMABAD: The federal secretary of the finance division on Tuesday warned that Pakistan might face economic sanctions over non-implementation of Financial Action Task Force (FATF) recommendations. Talking to reporters after attending a meeting of a sub-committee of the Public Accounts Committee (PAC), Finance Secretary Arif Ahmed Khan said Pakistan had to take strict measures to implement the FATF recommendations. He said that the country had to proceed…
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ISLAMABAD – The United States yesterday reduced the visa validity for Pakistanis and increased the fee for successful applicants. A US embassy statement issued here said: “Effective January 21, 2019, an additional fee will be charged for H (Temporary Work Visa), I (Journalist and Media Visa), L (Intercompany Transfer Visa), and R (Religious Worker Visa) visas only if the visa application is approved and must be paid at the Embassy Islamabad or Consulate General Karachi…
by Khaleeq Kiani in Dawn, The Business and Finance Weekly, March 4th, 2019 A recent warning to Pakistan by the Paris-based Financial Action Task Force (FATF) to deliver on its commitments to curb terror financing and money laundering risks to the global financial system has virtually put the country’s entire machinery into an aggressive mode to show tangible progress within two months. The achievement of 27 targets under a 10-point action plan has now become…
by Khaleeq Kiani in Dawn, February 18th, 2019 ISLAMABAD: A four-member Pakistani delegation will be witnessing on Monday a review in Paris of its performance by an expert group of the Financial Action Task Force (FATF) on its compliance with global guidelines against terror financing and money laundering. The Asia-Pacific Group (APG), an associate firm of the Paris-based FATF, will present Pakistan’s report and responses to five specific queries it was asked last month to…
By Kamran Yousaf in The Express Tribune, February 14, 2019 ISLAMABAD: Pakistan will host the next round of talks between the United States and the Afghan Taliban in a development that suggests significant progress in the ongoing negotiations to end the 17-year-long war in the neighbouring country. The talks to be held in Islamabad on February 18 would be attended by US Special Representative Zalmay Khalilzad and a team of Taliban negotiators, officials and the…
by Mehtab Haider in The News, February 14, 2019 ISLAMABAD: The European Commission (EC) has adopted the list of 23 countries, including Pakistan, with strategic deficiencies in their anti-money laundering and counter-terror financing frameworks. “Today, the commission adopted its new list of 23 countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks,” said official statement issued by the EC from Strasbourg on Wednesday. Many Middle East countries are also included in the…
report in Daily Times, Feb 10, 2019 Asia Bibi, a Christian woman acquitted of blasphemy after spending eight years on death row, has been transferred from a secret location near the capital to another in Karachi, but is still unable to leave the country to join her daughters in Canada, a friend said Saturday. Aman Ullah, who spoke to Asia Bibi by telephone Friday, said the 54-year-old Bibi is being held in a room in…
Report in The News, Feb 5, 2019 KARACHI: The World Bank on Monday estimated $12 billion as economic costs per year to Pakistan from poor water and sanitation, floods and droughts. “The economic costs to Pakistan from poor water and sanitation, floods, and droughts are conservatively estimated to be 4 percent of GDP, or around $12 billion per year,” the World Bank said in a report, “Pakistan: Getting More from Water”. “These costs are dominated…
By Umer Farooq in The Express Tribune, Jan 29, 2019 PESHAWAR: Khyber-Pakhtunkhwa (K-P) Minister for Mines and Minerals Amjad Ali on Monday welcomed a Chinese national to the path of Islam as a video of him reciting the kalima went viral. The video which was released by the Pakistan Tehreek-e-Insaf (PTI) media cell in the province shows Ali first reciting the kalima and the Chinese national following the suit. “Congratulations, you are a Muslim. Your…
by Khalid Hasnain in Dawn, January 2nd, 2019 LAHORE: Pakistan has urged Iran to explain in-writing its interpretation of sanctions that resulted in a massive delay in completion of the mega Iran-Pakistan gas pipeline project. “The government has taken up the issue in a recent meeting with the Iranian petroleum ministry’s advisers held in Islamabad. During the meeting, we have asked them to give us a detailed clarity over their interpretation of the sanctions under…
Report in The News, Nov 27, 2018 Web Desk; Circulating footage of a Pakpattan inspector dancing with a woman has landed him in trouble with the authorities. According to reports, the authorities have suspended and launched an inquiry against Inspector Arshad who was deployed as the SHO in Pakpattan’s Kalyana area. It was revealed further that DPO Pakpattan Maria Mehmood suspended the officer after the news reached her. Talking to Geo News, the inspector revealed…