Britain has removed Pakistan from the list of ‘high risk third world countries’
London: The British government has removed Pakistan from the list of ‘high risk third world countries’. Apart from Pakistan, the UK has also removed Nicaragua from the list of ‘at risk’ countries.
There are currently 26 countries on the list, including Iran, Myanmar and Syria.
The amendments to the list were tabled in the British Parliament on Monday.
“In the new list, Nicaragua and Pakistan are not classified as high-risk third world countries,” said the British government’s official legislative document on November 14.
Pakistan’s Foreign Minister, Billawal Zardari Bhutto, has also shared the fact that Pakistan’s name has been removed from the list through his Twitter handle.
The UK included Pakistan in that list in April 2021.
Earlier, Pakistan’s name was removed from the global watchdog’s ‘grey list’, which monitors issues such as terror financing and money laundering.
Pakistan has been removed from the Financial Action Task Force (FATF) gray list. The move came after four years of listing.
The decision was made at the FATF meeting held in Paris. FATF has 39 members including India, America and Britain. This will include the GCC and the European Commission.
FATF responded that Pakistan has strengthened its anti-money laundering operations in addressing technical deficiencies and that it is fighting against the financing of terrorist activities.
Due to its inclusion in the gray list, Pakistan faced many obstacles in accessing funds from various countries at the international level and assistance from the International Monetary Fund (IMF), the World Bank, the Asian Development Bank (ADB) and the European Union.
Content Highlights: Britain removes Pakistan from High Risk Third Country list