BERLIN: Pakistan has completed all 27 items in its Financial Action Task Force (FATF) action plan, raising the possibility of its exit from the grey list.

Sources said the Paris-based watchdog for global money laundering would hold a four-day meeting in Berlin from June 13 to 17.

Pakistan has been on the FATF grey list also known as the list of ‘jurisdictions’ under increased monitoring since June 2018, for terrorist financing and money laundering risks.

In June last year, the FATF, at end of its five-day moot, announced that Pakistan will continue to remain on the watchdog’s grey list, despite the country’s best efforts to convince the watchdog that it had implemented 26 of the 27-point action plan to move out of the grey list.

According to sources, Pakistan has completed almost all the points of the 27-point action plan under which the country is likely to be removed from the FATF grey list.

Sources said that the Federal Minister of Commerce visited important European countries and asked for their support for Pakistan in getting off the FATF grey list while expressing the government’s commitment to work better with Europe.

Sources said that Pakistan’s position in FATF is better and the country is likely to get some good news during the meeting as it has met all the targets to get out of the grey list.

“Pakistan made a high-level political commitment to work with the FATF to address its deficiencies, the country’s continued political commitment has led to significant progress across a comprehensive counter-terrorist financing action plan,” the watchdog said in its report issued in March this year.