Pakistan removed from EU’s High-Risk Third Countries list

high-risk third countries list

ISLAMABAD: The European Commission has removed Pakistan from the list of its “High-Risk Third Countries”, Federal Commerce Minister Syed Naveed Qamar announced late Tuesday.

In his Twitter post, Naveed Qamar said “EU has removed Pakistan from the List of High-Risk Third Countries. Pakistani businesses and individuals would no longer be subjected to ‘Enhanced Customer Due Diligence’ by European legal and economic operators.”

Qamar noted that all credit goes to Foreign Minister Bilawal Bhutto Zardari for his tireless efforts.

According to the minister Pakistan was included in the EU list of high-risk countries in 2018, which caused damage to Pakistan’s economy, exporters, and traders.

The EU High-Risk Third Countries list is a list of countries that the union considers to have strategic deficiencies in their anti-money laundering and counter-terrorism financing frameworks.

The EU’s decision means that obligated entities in member states will no longer be required to apply Enhanced Customer Due Diligence when dealing with individuals and legal entities established in Pakistan.



from ARY NEWS https://ift.tt/qEX8YCT

Comments

Post a Comment

Popular posts from this blog

War-torn Sudan faces ‘catastrophe’ as UN runs out of funds

Image
Of nearly 25 million people in need, the United Nations has only been able to reach a fraction, according to the head of the UN’s humanitarian response in war-torn Sudan. But assistance to even those four million could soon stop, Clementine Nkweta-Salami told AFP in an interview, if the chronic lack of funding continues. The UN’s humanitarian Coordinator for Sudan says eight months into a conflict between rival generals that has torn the country apart, the situation is “catastrophic”. Aid workers have called it the “forgotten war”. On April 15, army chief Abdel Fattah al-Burhan and his former deputy Mohamed Hamdan Daglo, who commands the paramilitary Rapid Support Forces, turned their weapons on each other. Two years after the former allies co-engineered a 2021 coup sidelining civilians from power, their forces have killed more than 12,190 people in their brutal struggle for power, according to the Armed Conflict Location & Event Data Project (ACLED). That figure is only a c
Read more

Transport Canada declares Pakistan’s aviation security satisfactory

Image
KARACHI: In a major development, the security delegation from Transport Canada on Wednesday completed the security audit of Jinnah International Airport, ARY News reported. According to Airports Security Force (ASF), the team conducted thorough inspection of the security arrangements in place at the airport and found them satisfactory. During the audit, the ASF team comprising National Inspectors gave a briefing to the Transport Canada team. The assessment team was given briefing on security deployment, entry control, screening, issuance of passes and addressing emergency situations. The Transport Canada team commended the efforts of the ASF for taking additional measures to ensure the safety of the Pakistan International Airlines’ (PIA) direct flights to Canada. The team also termed the overall aviation security measures satisfactory at the international airports of Pakistan. It is pertinent to mention that the two-member delegation from Transport Canada arrived in Pakistan on
Read more

Woman throws eight-year-old child into Karachi’s nullah

Image
KARACHI: A tragic incident was reported from Karachi’s old Golimar area near Eidgah Ground when an 8-year-old child was allegedly thrown into the sewerage drain by a woman believed to be mentally ill, ARY News reported on Tuesday. The local police claimed that the woman – believed to be mentally ill – picked up the child, who was playing nearby, and threw him into the sewerage drain and fleeing the scene. The father of the child immediately reported the incident to authorities, which led to initiate a rescue operation. Rescue 1122 teams have been working tirelessly form past three hours in search of the missing child. On the other hand, the police are investigating the case, and efforts are underway to apprehend the suspect. from ARY NEWS https://ift.tt/c1ZzapO
Read more