“The successful completion of the action plans and its formal endorsement by FATF means that Pakistan has come to one step away from exiting from the grey list,” State Minister Hina Rabbani Khar, who chairs Pakistan’s National FATF Coordination Committee, told a news conference in Islamabad. Once it successfully passes the onsite visit, FATF said the country will be removed from the list. The monitoring group said that an on-site visit was warranted to verify that reforms had begun and were being sustained, and that the necessary political commitment was in place to sustain future improvements. The financial crime watchdog, set up by the Group of Seven industrial powers to protect the global financial system, kept the country on the list on Friday, but said that Pakistan had substantially completed its two action plans, which covered 34 items. Pakistan has been on FATF’s “grey list” since 2018, a list featuring countries under increased monitoring due to inadequate controls over money laundering and terrorism financing, which made foreign firms more cautious about investing in the country. ISLAMABAD: Pakistan is “one step away” from exiting the Financial Action Task Force’s “grey list” after the global watchdog said an on-site visit could lead to the South Asian nation’s removal, the state minister for foreign affairs said on Saturday. That’s the last thing we need right now.” We talk to China consistently with a firm voice,” he said, but added: “We cannot go to war with them. It is already our territorial right,” he told the local media. “We have a very important ruling in our favor and we will use it to continue to assert our territorial rights. While Marcos’s immediate predecessor fostered warmer ties with China by setting aside The Hague tribunal’s ruling in exchange for promises of trade and investment, the president-elect, who vowed in his campaign to embrace Duterte’s key policies, said last month he would uphold the international ruling against Beijing. ![]() “The Philippines calls on China to comply with its obligations under international law, cease and desist from displaying illegal and irresponsible behavior, avoid further escalating tensions at sea and immediately withdraw all of its vessels from Philippine maritime zones,” the Department of Foreign Affairs stated. ![]() The foreign office disclosed on Thursday that Philippine authorities spotted in April “over 100 Chinese vessels illegally operating” in a part of the country’s exclusive economic zone around the boomerang-shaped Whitsun Reef - a year after a similar incident caused a diplomatic row. Marcos, who scored a landslide victory in last month’s presidential election, will take over the country’s top office from outgoing President Rodrigo Duterte on June 30.Ĭarlos’ comments followed a formal complaint with the Chinese Embassy in Manila launched by the Department of Foreign Affairs against “the lingering unauthorized presence of Chinese fishing and maritime vessels,” which it said in a statement was “not only illegal, but is also a source of instability in the region.” Never mind that we are filing 10,000 of them because if we don’t, that means we acquiesce to the situation on the ground,” Clarita Carlos, nominated as Marcos’ national security adviser, said in a media briefing. ![]() “We will continue to file diplomatic protests. will add to hundreds of diplomatic protests filed against Beijing in the South China Sea over the past few years.
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