January 27, 2023

Getting Pakistan off the grey list will be positive

Getting Pakistan off the grey list will be positive for the economy, says United Business Group

UBG leaders

Leading members of UBG on the announcement of FATF matter expressed that Pakistan has implemented all the points of the 2 Point Action Plan consisting of 34 points and Pakistan’s exit from the gray list. They said, it will be a positive sign for the economy of Pakistan.

Welcoming it, they termed it as a great positive step for the success of Pakistan and development of its economy and congratulated Army Chief General Qamar Javed Bajwa, Prime Minister Shahbaz Sharif, Minister of State Hina Rabbani Khar and former rulers of Pakistan on this great achievement.

The Financial Action Task Force (FATF) member, Dr Makos Player announced the removal of Pakitan from FATF grey list as Pakistan has fulfilled all the conditions. The leaders of the United Business Community expressed joy for Pakistan on FATF news and thanked God that Allah Almighty made Pakistan happy and successful.

S M Munir said that Pakistan has a long struggle to get out of FATF. The government of Pakistan did not give up and fulfilled all the conditions required by the Financial Action Task Force (FATF) to get out of the gray list. Zubair Tufail said that Pakistan had won the first phase of FATF and now after the FATF team’s visit to Pakistan, Pakistan will be removed from the gray list and this tour is expected by the month of October.

The exit of Pakistan from grey list is a great achievement making Pakistan a great destiny for foreign investment. The government agencies, the rulers and their respective team deserve congratulations and the efforts of all have paid off. Iftikhar Ali Malik, President SAARC Chamber of Commerce and former Chairman UBG appreciated the performance of Hina Rabbani Khar and her Foreign Ministry team.

He also lauded the efforts of the ten core cells, military, civilian leadership team  declared it commendable. Paying homage to the entire team of the government working for the victory of Pakistan, Zafar Bakhtawari said that the statement of FATF was an acknowledgment of the restoration of Pakistan’s international reputation and now more good news and achievements would be the destiny of Pakistan in the time to come.

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