“Pakistan Takes a Leap Forward: Removed from High-Risk Country List”

ISLAMABAD: Federal Minister for Commerce Naveed Qamar has said that the European Union has removed Pakistan from the list of high-risk countries.

Federal Minister of Commerce Naveed Qamar, while giving good news, said that additional conditions of European law and economic operators will not be applied to Pakistanis and this success has come from the tireless efforts of Foreign Minister Bilawal Bhutto.

Sir
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.

— Syed Naveed Qamar (@naveedqamarmna) March 28, 2023

He said that the European Union had included Pakistan in the list of high-risk countries in 2018 and this ban had put an unnecessary burden on our economy.

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On November 14, Britain also removed Pakistan from the list of high-risk third countries. The UK took this step as a result of the early implementation of the Financial Action Task Force (FATF) action plans.