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Dr Shamshad Akhtar

Government prepares to get Pakistan’s name excluded from FATF grey list

ISLAMABAD: Pakistan government has made widespread preparation to get off Pakistan's name from Financial Action Task Force (FATF) grey list. According to sources, Dr Shamshad Akhtar the finance minister provided detailed information to the National Security Committee (NSC) on Friday related to the plan for getting Pakistan's name excluded from FATF grey list. In order to save Pakistan from being into grey list, Pakistan has to execute the proposed 26 points by FATF in regards to illicit money making, terrorism and its…

FATF meeting: Finance minister seeks exclusion of Pakistan from grey list

PARIS: Caretaker Finance Minister Shamshad Akhtar on Wednesday pleaded the Financial Action Task Force (FATF) to remove the name of Pakistan from its grey list. During the plenary meeting in earlier February this year, Pakistan was placed on the watchdog’s grey list for global money laundering and terror financing. In a crucial meeting with the FATF today, under the leadership of Akhtar, a Pakistani delegation presented a robust case for keeping Pakistan out of the grey list. The delegation highlighted the measures…

Rupee continues to depreciate in inter-bank market

KARACHI: On Tuesday, a recent descent is observed of 1.11% in rupee value, due to which accumulative depreciation is around 15.38% to a record low of Rs121.73 to the US dollar in the inter-bank market since December 2017, the reason behind is mainly growing imports and fast diminishing foreign currency reserves. According to Pakistan Forex Association President Malik Bostan, “Traders believe the rupee may drop to Rs125 by June 30 (in the inter-bank market).” ALSO READ: Rupee depreciates- US dollar hits extraordinary…

Shamshad says amnesty scheme won’t be extended after June 30

KARACHI: Caretaker Minister for Finance and Economic Affairs Dr Shamshad Akhtar has directed Pakistan Stock Exchange (PSX) to form a committee to propose a five year roadmap for the development of Pakistan's capital market. During her visit to Pakistan Stock Exchange, the minister held meeting with representatives of PSX board management, senior market participants and discussed various issues related to capital market development and amnesty scheme announced by government for declaration of assets. She said that…

British, UN officials meet Tariq Fatemi

ISLAMABAD: Director General British foreign office Sir Simon Gass and Executive Secretary of UNESCAP Dr Shamshad Akhtar held meetings with the Special Assistant to Prime Minister Tariq Fatemi at the Ministry of Foreign Affairs on Wednesday.