Senate Republicans pushed back on ATF nominee David Chipman after agents raised questions about him in a report by The Reload and corroborated the existence of a complaint he made racist remarks [.]
Foreign Minister Shah Mahmood Qureshi said there was 'no room' for Pakistan to remain on the FATF's 'grey list,' citing the country's implementation of 26 of the global body's 27 points of action to combat money laundering and terrorist financing.
PSX reports loss on FATF concerns
Index sees range-bound trading due to host of negative triggers
KARACHI:
Bears maintained hold on the Pakistan Stock Exchange (PSX) in the outgoing week as a host of negative triggers, particularly concerns over the Financial Action Task Force (FATF) review of Pakistan, motivated investors to stay on the sidelines.
Resultantly, the KSE-100 index traded range-bound last week and closed at 47,603 level, having lost 635 points or 1.3%.
“On the economic front, talks between Pakistan and the International Monetary Fund (IMF) are still underway and both parties seem hopeful of reaching an agreement soon,” said JS Global analyst Ali Zaidi.