Britain removed Pakistan from list of ‘High-Risk Third World Countries’
London: The British government has removed Pakistan from the list of ‘high risk third world countries’. In addition to Pakistan, the United Kingdom 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,” reads the UK government’s official legislative document of Nov. 14.
Pakistani Foreign Minister Bilawal Zardari Bhutto also shared that Pakistan’s name has been removed from the list via his Twitter account.
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 terrorist 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 taken at the FATF meeting in Paris. FATF has 39 members including India, America and Great Britain. This will include the GCC and the European Commission.
FATF responded that Pakistan has strengthened its anti-money laundering operations by addressing technical shortcomings and is fighting the financing of terrorist activities.
Due to its inclusion in the gray list, Pakistan has faced many hurdles in accessing funds from various countries internationally and assistance from the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB ) and the European Union.
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