Pakistan has welcomed the European Union's decision to remove it from the list of high-risk countries, thus recognizing its performance in overcoming technical issues related to Countering Financing of Terrorism.
In a statement, Foreign Office Spokesperson Mumtaz Zahra Baloch said this follows UK's decision to remove Pakistan from a similar list in November last year.
She said the removal from the list will ease financial transactions between entities from Pakistan and the European Union.
The Spokesperson said Pakistan looks forward to building on this development for mutually beneficial economic cooperation with the European Union and sharing its experience in the up-gradation of AML/CFT regimes with partner countries.
This followed UK’s decision to remove Pakistan from a similar list in November 2022, the spokesperson said in a press release.
“The removal from the list will ease financial transactions between entities from Pakistan and the European Union. Pakistan looks forward to building on this development for mutually beneficial economic cooperation with the European Union and sharing its experience in the up-gradation of AML/CFT regimes with partner countries,” it was further added.
