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ISLAMABAD:The Financial Action Task Force (FATF) will discuss today (Monday) steps taken by Pakistan to stop money laundering and terrorist financin
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g in its plenary meeting that has started in Paris.Federal Minister for Economic Affairs Hammad Azhar is leading Pakistani delegation that will have formal talks with the global body. Representatives of more than 200 countries and organisations are participating in the meeting that will continue till 18 October.In case, the FATF is satisfied with the steps taken by Pakistan, the procedure to remove it from the grey list can start. However, the body may consider steps to include Pakistan in its black list in case I
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slamabad fails to how it has taken sufficient measure to curb the menace.However, the country hopes that with the support of friendly countries, Islamabad will manage to avoid being black
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listed and would more likely stay in the grey list.Sources said Pakistan has completed a new study on national risk assessment and sent 150-page r Bhof Divining quests Dwindling supply leaves Pindi cantonments parched
LONDON:Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at o
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ffsetting the slump in demand caused by the coronavirus outbreak.Brent crude was up by $0.62, or 1.2%, at $52.48 a barrel at 1144 GMT. US West Texas Intermediate (WTI) was up by $0.57, or 1.2%, at $47.75 a barrel.Saudi Arabia and other OPEC members are seeking to persuade Russia on Wednesday to join them in large additional oil output cuts to prop up prices which have tumbled because of the coronavirus outbreak. With demand-s
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ide uncertainties having already dragged Brent futures about 19% lower since the start of the year ... oil's upside appears significantly capped amid persistent concerns over the coronavirus o
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utbreak, said Han Tan, market analyst at FXTM.A technical panel of several representatives from OPEC states, Russia and other producers recommended on Tuesday cutting output by an extra 1 million barrels per day (bpd) during th