While we are busy discussing UAE visit, Pakistan delegation is already meeting FATF reps at Sydney last Saturday.
As per our understanding, the meetings will last for three days. Crackdown on money laundering, recent aggressive raids by FIA on illegal exchange companies, strengthening of KYC, identification of fake accounts and Judicial proceedings on fake accounts and comprehensive Joint Investigation Team (JIT) report on money laundering are all the positives can be shared with FATF delegates. Any positive news will be additional sentiment booster for market.
Similarly, IMF Board are expected to meet on Jan 15th. Our sources indicating that both IMF & MoF are closely working to find workable middle ground. Although, the Financing gap is filled, but any development on IMF program will help mitigate concerns of skeptical investors (mainly foreign portfolio investors).
