Joint Parliament Passes 3 FATF Bills Despite Opposition

Pakistan president Arif Alvi called a joint session of both houses of parliament as the administration prepared to pass three FATF related bills even as all three of them were defeated in the senate. The workaround is possible because of the 18th amendment which allows for the possibility that if a bill fails to pass one house of the parliament it can still go through if passed by both houses of parliaments combined voting.FATF

The joint session of both houses passed all three FATF related bills despite a massive protest by the opposition. The bills namely the Islamabad Capital Territory Waqf Properties Bill, 2020; the Anti-Money Laundering (Second Amendment) Bill, 2020; and the Anti-Terrorism (Third Amendment) Bill 2020 all passed alongside five other bills.

Chinese Ambassador Yao Jing was quoted saying in a statement “FATF’s October review will go well for Pakistan.” The view was expressed in a meeting with Advisor to the Prime Minister on Finance and Revenue Hafeez Sheikh. In the same meeting the ambassador has been reported saying “CPEC is a project that is an inspiration for the rest of the world.” China–Pakistan Economic Corridor (CPEC) is a collection of infrastructure projects which amount to $87 billion as of 2020.

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