ISLAMABAD, Jan 07 (APP): The meeting of the Senate Standing Committee on Finance Revenue and Economic Affairs Tuesday given detail brining on the FATF Action Plan ad legal amendments. It was asserted that all amendments were in line with FATF recommendations and if enactment takes place before the scheduled meetings it would strengthen Pakistan’s compliance position.
The committee which met here at Parliament House with Senator Farooq Hamid Naek, in chair also considered the amendments clause by clause and approved some of them without amendments. Some amendments were rejected right away while some were approved partly.
The Committee expressed serious concern over the restriction of carrying USD10000 within the country and rejected the amendment unanimously.
The meeting was attended by Senator Syed Shibli Faraz, Senator Mohsin Aziz, Senator Mian Muhammad Ateeq Shaikh, Senator Muhammad Akram, Senator Sherry Rehman, Senator Ayesha Raza Farooq, Senator Imam-ud-Din Shouqeen, Senator Anwar ul Haq Kakar, Senator Dilawar Khan and senior officers from the Ministry of Finance Revenue and Economic Affairs, along with all concerned.
VNS
