Removing from FATF Grey List would boost economic activities in the country: Business Community
Financial Action Task Force’s (FATF) decision of Pakistan’s removal from grey list, the business community said coming out of the watchdog’s increased monitoring process would boost economic activities and help put the ailing economy back on sustainable growth path.
Commenting on the mega development, President Federation of Pakistan Chamber of Commerce and Industry Irfan Iqbal Shaikh lauded the efforts of civil and military leadership for achieving the landmark success for the country.
He said the decision would restore the confidence of international financial institutions, help attract foreign direct investment, and promote exports from the country besides improving credit ratings for the country.
Meanwhile talking to APP in Islamabad today, President Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhtawari said that the removal from FATF’s grey list would boost the confidence of international creditors and donors agencies including International Monetary Fund (IMF), Asian Development Bank (ADB), World Bank and other development agencies.
