Foreign OfficeÂ on Thursday categorically rejected false media reports on Financial Action Task Forceâ€™s (FATF) assessment concerning the countryâ€™s action plan
Responding to media queries regarding the role of Saudi Arabia in the assessment of Pakistanâ€™s FATF action plan, Foreign Office Spokesperson Zahid Hafeez Chaudhry snubbed the news as â€œfalse and baselessâ€.
â€œPakistan and Saudi Arabia enjoy strong fraternal ties and the two countries have always cooperated with each other on all matters of bilateral, regional and international importance,â€ the statement said, adding that Pakistan greatly values its relations with the kingdom and firmly rejects such malicious propaganda.
FATF is scheduled announce its assessment of Pakistanâ€™s progress on the action plan and the future course of action after conclusion of its virtual plenary meeting.
According to diplomatic sources, Pakistan might remain in the FATF grey list due to not being able to comply with six of the 27 points in the global watchdogâ€™s action plan but the country has managed to avert being blacklisted.
The country will, however, succeed in exiting the FATFâ€™s grey list by June next year, the sources added.
The global watchdog for curbing terror financing and money laundering will be holding its virtual plenary session from October 21 to 23. It will review Pakistan’s progress on the 27-point action plan.