Author: Osama Tabasam

Pakistan remains on FATF grey list, Turkey also added to that list

FATF announced Thursday that Pakistan would remain on its grey list of countries subject to heightened monitoring. Pakistan has been on the gray list since June 2018 because of weaknesses in its anti-terrorism financing and anti-money laundering regimes. Dr. Marcus Pleyer, FATF President, announced the decision by saying Pakistan had to complete two concurrent action plans containing a total of 34 items.

FBR sends tax notice to Shaukat Bikari after finding out his assets

A famous beggar from Multan Shaukat Bhakari is under investigation by FBR for his one-crore insurance policy for children. Additionally, it is reported that he is enrolling his children in expensive schools. FBR demanded a response regarding the insurance policy of Rs 10 million for children. Furthermore, FBR requested a report that he had Rs. 1.5 million in his bank account.