Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

China disapproves of FATF’s politicisation, takes exception to anti-Pakistan designs

byCT Report
29/10/2019
in Business, Latest News
Share on FacebookShare on Twitter

BEIJING: Reiterating its support to Pakistan at the Financial Action Task Force (FATF) platform, China has categorically announced that it does not want the forum to be politicised as some countries were pursuing their political agenda in a bid to blacklist Pakistan.

“China does not want FATF to be politicised by any single country. There are some countries, which want to include Pakistan in the blacklist. We consider they have political designs. That is something China is against. China stands for justice,” Deputy Director General for Policy Planning of Chinese Ministry of Foreign Affair Department of Asian Affair Yao Wen said.

You might also like

FBR revises customs values for imported ammunition vide VR No2087/2026

09/06/2026

Nepra cuts electricity price by Rs1.98 per unit under quarterly adjustment

09/06/2026

Speaking to a group of visiting Pakistani journalists, Wen said China stood with Pakistan and blocked any attempt to include Pakistan in the blacklist.

“We made it clear to United States and India that we cannot do it. It goes beyond the purpose of FATF,” he said.

He added FATF was not meant to put any country in the blacklist, rather to support it to take action against terror financing.

Pakistan was effectively pursuing its National Action Plan and China encouraged it to act against terrorists and strengthen its system.

“China will help [Pakistan] technically and politically to improve its system,” he added.

China would also help Pakistan build the capacity to handle issues related to terror financing.

He said instead of pressuring it, FATF member countries should assist Pakistan to improve its system and China would also continue its support in that regard.

Besides China, a traditional ally of Pakistan, Turkey and Malaysia also supported the country in the FATF meeting held in October.

According to the 36-member FATF’s Charter, the support of at least three countries is required to keep any state from being blacklisted.

The FATF in its October meeting expressed satisfaction over the initiatives taken by Pakistan and its progress in various areas.

Regarding, Pak-China ties, the official said it was high time in their bilateral relationship since Prime Minister Imran Khan visited Beijing thrice in a year and had meetings with Chinese President Xi Jinping four times.

He said the recent visit of PM Imran to China was a productive one, wherein he also had interaction with many heads of state.

Wen said China and Pakistan were all-weather strategic partners, with close cooperation in multiple fields.

The China Pakistan Economic Corridor (CPEC), he said, was moving in right direction. “We are working closely on CPEC, and the issues of Kashmir and FATF.”

He welcomed the establishing of China-Pakistan Economic Corridor Authority (CPECA) by Pakistan that would help expedite work on CPEC projects.

Responding to a question, the official said China had serious concerns over Indian action of August 5, which had even challenged the Chinese sovereignty and interests.

Related Stories

FBR revises customs values for imported ammunition vide VR No2087/2026

byCT Report
09/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has revised customs values for imported ammunition through Valuation Ruling No. 2087/2026, updating...

Nepra cuts electricity price by Rs1.98 per unit under quarterly adjustment

byCT Report
09/06/2026

ISLAMABAD: Electricity prices across Pakistan have been reduced by Rs1.98 per unit, according to a notification issued by the National...

Punjab sets outline of Rs5.13 trillion budget for FY 2026-27

byCT Report
09/06/2026

LAHORE: The Punjab government has finalized the broad contours of its budget for the fiscal year 2026–27, with the total...

PM Shehbaz directs to accelerate privatisation process of power DISCOs

byCT Report
09/06/2026

ISLAMABAD:  Prime Minister Shehbaz Sharif on Tuesday directed the relevant authorities to accelerate the privatisation process of electricity distribution companies...

Next Post
A photograph taken October 28 shows Saudi and foreign journalists at the Future Investment Initiative FII badge collection center in the Saudi capital Riyadh. The summit, (Photo by FAYEZ NURELDINE / AFP)

Global leaders, tycoons to attend Saudi 'Davos in desert'

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.