ISLAMABAD: The Financial Action Task Force (FATF) has asked Pakistan to document bullion trading across the country.
The global body that monitors terror financing has handed over a fresh list of demands to be implemented.
The FATF has directed the concerned authorities to collect data of all those who sale and purchase gold so that the funds generated through the trade are not channeled to banned outfits.
It also asked Pakistan to list all the trusts registered at the district level and sought to regulate their functioning. Their financial transactions should also be monitored, the FATF suggested.
Pakistan has been working with the FATF to be removed from the grey list and has already taken many steps in this regard.
According to a recent report in this paper, the FATF clearance is a must for the IMF loan.
“After FATF is satisfied with actions, the IMF will be given a green signal by the Trump administration to sign the loan programme with Pakistan,” it said.
After attacks, voting process in district remains halted, as staff could not reach due to law and order situation
Space X CEO has announced to switch to more affordable electric cars
This can be major trigger for equities, and is leading to interest in highly leveraged sectors such as cement,...
Sindh Education Dept says all educational institutions are open as usual in Karachi today
Sindh Governor Kamran Tessori and Chief Minister Syed Murad Ali Shah saw off the honourable guest at Karachi Airport...
"Verdict has arrived to end interest-based system and we are working to implement it," finance czar says