ISLAMABAD: The Financial Action Task Force (FATF) has acknowledged the steps taken by Pakistan to improve its counter financing terrorism regime and highlighted the need for further actions for implementing the National Action Plan.

During its plenary meeting at Orlando in the United States, the FATF reviewed the compliance of a number of countries including Pakistan on Anti-Money Laundering and Counter Financing of Terrorism.

Pakistan was placed by the FATF in its compliance document in view of an action plan agreed with Pakistan in June 2018 to strengthen its Anti Money Laundering, Counter Financing Terrorism Regime.

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The FATF will undertake the next review of Pakistan’s progress in October 2019.

In a statement, the FATF said since June 2018, when Pakistan made a high-level political commitment to work with the FATF and APG to strengthen its AML/CFT regime and to address its strategic counter-terrorist financing-related deficiencies, Pakistan has taken steps towards improving its AML/CFT regime, including the recent development of its TF risk assessment addendum.

“However, Pakistan should continue to work on implementing its action plan to address its strategic deficiencies,” it added.

The Federal Board of Revenue (FBR) on Friday introduced the online tax profiling system, which would enable people to check details of their assets.