DAWN

New govt to ink loan accord with China for ML-1

LAHORE: The terms on conditions related to the loan pledged by Beijing for the Pakistan Railways’ flagship project — Main Line-1 (ML-1) — will be finalised by the upcoming government with the Chinese authorities.
“Everything, except finalisation of the terms and conditions related to financing/loan by the government, has been completed, as no issue about the project exists at the moment …

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FATF removes Pakistan from grey list after 4 years

The Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog, on Friday removed Pakistan from a list of countries under “increased monitoring”, also known as the «grey list».
Addressing the press conference at the conclusion of its plenary, FATF President Raja Kumar noted that Pakistan had been on the grey list since 2018.
«It has two concurrent action plans. After a lot of work by Pakistani authorities, they have …

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