The crucial meeting of Financial Action Task Force's subgroup Asia Pacific Group's meet will begin from Monday and will review progress made by Pakistan after the June meeting.

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While Pakistan will be represented by Federal Minister for Economic Affairs, Hammad Azhar, the head of India's Financial Intelligence Unit (FIU) will be representing New Delhi.

Focus on the week-long meet from September 9-13 will be on reviewing the progress made by Islamabad on its June 2018 commitment when it agreed on 27 points action point.

After being greylisted in June 2018, Pakistan had made high-level political commitments to address its counter-terrorist financing-related deficiencies which basically means to act on the financing of terrorist activities. 18 of the 27 action points are yet to be implemented by Islamabad.

Pakistan was put on "Enhanced Expedited Follow Up List" for its inability to take actions as defined in the Mutual evaluation action plan, which is an annual process when the last APG meet happened in Canberra. 

On 40 compliance parameters, Pakistan failed on 32 counts and its actions will be observed for one year now.

The AGP meet in Bangkok will be co-chaired by China and India and is the last of the crucial meet before the October plenary of FATF that will happen in Paris. If Pakistan fails to show any improvement by the October meeting of FATF, to be held from October 18-13, 2019 it could be blacklisted.

Financial Action Task Force or the FATF kept Pakistan on grey list in its June meeting, after failing to meet deadline two times--January and May 2019.

Being on the greylist impacts the Pakistani economy which loses US $10 billion annually.