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FATF expected to move Pak out of grey list after 52 months

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 Pakistan expects the much-awaited welcome news as the Financial Action Task Force (FATF) is expected to move the country out of its grey list during the two-day plenary session starting on Friday in Paris.

State Minister for Foreign Affairs Hina Rabbani Khar is currently in Paris to attend the meeting, Geo News reported.

The FATF will hold its first plenary under the two-year Singapore Presidency of T. Raja Kumar on Friday and Saturday.

“Delegates representing 206 members of the Global Network and observer organisations, including the International Monetary Fund, the UN, the World Bank, Interpol and the Egmont Group of Financial Intelligence Units, will participate in the Working Group and Plenary meetings in Paris,” said the Paris-based global watchdog on dirty money.

The watchdog will announce the outcome at a press conference after the meeting concludes.

The country has remained on the ignoble list for almost 52 months, Geo News reported.

In September this year, a 15-member FATF inspection team and its Sydney-based regional affiliate, Asia Pacific Group, flew to Pakistan.

Team members assessed the country’s rules, regulations, and institutional mechanisms.

The FATF team scrutinised arrangements placed by the ministries, relevant departments, regulators, and law enforcement agencies to verify whether or not these systems and procedures were sustainable to combat money laundering and terror financing on a permanent basis.

The plenary will make the final decision after examining the assessment by the on-site team that visited Pakistan last month.

Based on the team’s report, the FATF is expected to provide relief to Pakistan after verifying the country’s steps to implement the plan of action.

Finance Minister Ishaq Dar, speaking to the media in Washington last week, assured that Pakistan will soon move out of the grey list.

The FATF placed Pakistan on its grey list in June 2018 for deficiencies in its legal, financial, regulatory, investigations, prosecution, judicial and non-government sectors to fight money laundering and combat terror financing considered a serious threat to the global financial system, Geo News reported.

Islamabad has attempted to get its name struck from the grey list since.

The FATF tasked Pakistan to implement two different action plans simultaneously, and the country has accomplished the conditions of the watchdog.

In June this year, the FATF expressed satisfaction that the country complied with all 34 points and recommended an onsite visit to verify the progress made by the country.

Islamabad made high-level political commitments to address these deficiencies under a 27-point action plan.

But later the number of action points was enhanced to 34.

The country had since been vigorously working with FATF and its affiliates to strengthen its legal and financial systems against money laundering and terror financing to meet international standards in line with the 40 recommendations of the FATF.

International News

Iran signals Hormuz reopening within two days if US meets demands

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Iran signalled that it could reopen the Strait of Hormuz and resume diplomatic negotiations within two days if the United States meets its demands, even as Washington and Tehran exchanged renewed warnings over potential military escalation.

Iran’s Foreign Ministry spokesman, Esmaeil Baghaei, said on Monday that Iran has reduced the period for implementing the seven-day plan proposed by Tehran in September to two days, in good faith.

He noted, “We have announced that if Iran’s demands are met, the possibility will exist to restore security to the Strait of Hormuz and start the negotiation process in a short period of time,” stressing that all these depend on the American side’s decision on how to proceed regarding the future of the process.

In tandem with the ministry’s announcement, Iran’s President Masoud Pezeshkian said Monday that his administration is committed to resolving challenges through dialogue, noting that Supreme Leader Mojtaba Khamenei has granted the government certain authorities to pursue diplomatic solutions.

He stressed that no one benefits from war, adding that the “enemies” will not be able to make Iran surrender.

Concurrently, Iran’s Foreign Minister Seyed Abbas Araghchi said consultations mediated by Qatar and Pakistan have become “extremely intensive,” involving frequent delegation visits, phone conversations and message exchanges.

Reaffirming Iran’s readiness for both diplomacy and defense, Araghchi warned that any further military escalation by Washington would draw a “far more bitter and severe” response.

The diplomatic maneuvers unfold amid mixed signals from Washington over its next move on Iran.

Tehran reportedly received a letter from US Vice President JD Vance on Thursday, sent at Trump’s direction, calling for the resumption of peace negotiations. Iran described the shift in Washington’s tone reflected in the letter as “a good sign.”

However, US President Donald Trump on Sunday again threatened to resume military action against Iran “at some point,” telling a campaign rally in Iowa that Washington would eventually have to “give them the hammer.”

He was reportedly urged by Israeli Prime Minister Benjamin Netanyahu in a Saturday phone call to strike Iran “immediately after the midterm elections.” US news outlet Axios reported that Trump preferred to allow negotiations to continue, an approach that has raised concerns for Netanyahu.

Also on Monday, US President Donald Trump said that Tehran wants to make a deal with Washington, and that an agreement could be reached. “They want to make a deal, and that could happen,” said the US president.

Underpinning the ongoing diplomatic maneuvers are concrete military preparations and escalating operational risks across the region.

A senior Iranian commander said on Monday that over 30 million Iranians are receiving general military training to defend the country if needed.

The military mobilisation followed a Saturday statement from Iran’s Supreme Leader Mojtaba Khamenei instructing senior military commanders to ensure that any threat from the “enemies,” regardless of its nature or scale, would be met with an “immediate and effective” response, without geographical limitations.

On the US side, the Wall Street Journal reported that senior US military officials briefed Trump on Thursday on possible options regarding Iran. The United States had also reportedly urged several Gulf countries to prepare for a possible brief but intense military campaign against Iran following the midterm elections.

Amid mounting military preparations, tensions in the Strait of Hormuz have escalated rapidly. The navy of Iran’s Army announced Monday that a “violating” oil tanker caught fire after hitting naval mines in a forbidden region east of the Strait of Hormuz, adding that the vessel had turned off its navigation systems.

Separately, the navy of the Islamic Revolution Guard Corps said 11 oil tankers have caught fire or sunk in the strait over the past nine days, following a “demonstrative visit” to the strait by US Central Command chief Brad Cooper on October 25.

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International News

US strikes Iran Qeshm Island near Strait of Hormuz

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The United States attacked Iran’s strategic Qeshm Island in the Strait of Hormuz, The Wall Street Journal reported, citing US officials.

The attacks, carried out on Monday (local time), were the latest in “a series of limited strikes Washington has secretly carried out against the country in recent weeks as President Trump touted the possibility of a diplomatic deal,” the report said.

The United States has been conducting smaller-scale strikes against Iran for several weeks, with explosions reported on social media around Qeshm Island on Monday, according to the report.

Some US officials described the attacks as defensive operations aimed at preventing Iran from freely attacking commercial vessels in the Strait of Hormuz, reports Xinhua news agency.

Unlike earlier in the conflict, the United States has not publicly announced the attacks, the report said. Washington has deliberately kept the campaign under wraps to avoid signalling any intention of resuming major combat operations, one US official was quoted as saying.

Trump said that he was “in no rush” to decide whether to resume military action against Iran. “One way or the other, we will do something, but there is no rush. We crippled them financially. They have no money, no gasoline, and their people are getting very tired of it,” he said in a phone interview with Axios on Monday.

The US midterm elections are seen as a turning point for Trump as he decides whether to launch a major bombing campaign against Iran to try to bring the conflict to an end, Axios reported.

It added that the president appears to be pursuing two tracks simultaneously, allowing diplomatic efforts to continue while preparing to resume military action if he determines that a deal is out of reach.

“Oil Prices are dropping like a rock, down almost 10 US dollars a barrel, a record, because people feel that there will not be a war with Iran. Iran wants a settlement as soon as possible. It could happen,” Trump wrote Monday in a post on Truth Social.

Iranian officials have warned that any new attack would trigger an unrestrained response. Iranian President Masoud Pezeshkian, however, said Tehran remained willing to continue negotiations, Iran’s official news agency IRNA reported.

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International News

Iran thanks India for rescuing 20 crew members of pirated vessel in Arabian Sea

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The Embassy of the Islamic Republic of Iran in New Delhi on Tuesday expressed gratitude to the Government of India, the Indian Navy and the Indian Air Force for rescuing 20 Iranian crew members of the fishing vessel Azini from pirates in a coordinated operation in the Arabian Sea.

Appreciating the Indian Armed Forces for their efforts, the Iranian Embassy said the operation reflected India’s commitment to humanitarian assistance and its role in saving lives beyond borders.

In a post on X, the Embassy said: “The Embassy of the Islamic Republic of Iran in New Delhi expresses its sincere appreciation to the Government of India, the Indian Navy and the Indian Air Force for their successful operation to rescue the 20 Iranian crew members of the fishing vessel Azini from pirates.”

“We highly commend the professionalism, courage and effective coordination demonstrated by the Indian Armed Forces, reflecting India’s strong commitment to Humanitarian Assistance and Disaster Relief (HADR) and its role in saving lives beyond borders,” It added.

The embassy highlighted that this humanitarian operation stands as a testament to the “spirit of friendship, solidarity and cooperation between Iran and India.”

“We extend our sincere gratitude to all those involved in ensuring the safe rescue of the Iranian crew.”

The Indian Navy rescued all 20 crew members of the pirated fishing vessel Azini in a meticulously coordinated 48-hour operation, more than 3,000 km from Mumbai, Defence Minister Rajnath Singh said.

The operation was successfully carried out on November 2, with the Navy locating and intercepting the vessel and securing the safe release of all crew members from heavily armed pirates.

Congratulating the Indian Navy on the successful mission, the Defence Minister said that the operation demonstrated the force’s high operational readiness and its ability to respond decisively to maritime threats across the region.

In a post on X, Singh said: “My congratulations to #Indian Navy for successfully executing a meticulously coordinated 48-hour operation to rescue all 20 crew members of the pirated fishing vessel, Azini, more than 3000 km from Mumbai in the Arabian Sea, on 02 Nov 26.”

“The swift localisation, interception and safe release of the crew and vessel from significantly-armed pirates, with timely support from the Indian Air Force, speak well of the Indian Navy’s high operational readiness and ability to respond decisively to maritime threats across the region,” he added.

Praising the personnel involved, the Defence Minister said: “Our brave personnel have once again demonstrated India’s ability, intent and resolve to safeguard lives, uphold maritime security and ensure stability across the Indian Ocean Region.”

Reiterating India’s commitment to maritime security, Singh said the country would continue to work towards ensuring safe seas and a free, open and secure Indian Ocean Region.

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