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Al Jazeera

Business

Abid Hussain

EU removes Pakistan from list of high-risk countries

European Union Pakistan FATF The European Union

The European Union had placed Pakistan on the list five years ago [File: Johanna Geron/Reuters]

Islamabad, Pakistan – The European Union has removed Pakistan from its “list of high-risk third countries”, a move that is expected to improve conditions for business activity.

In a statement announcing the news on Wednesday, Pakistan’s Ministry of Commerce said the listing of Pakistan in 2018 had resulted in creating a regulatory burden affecting Pakistani companies doing business with the 27-member bloc.

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