At present, Pakistan will remain in the gray list of the Financial Action Task Force (FATF). This news has come out from the Pakistani media.
Islamabad. At present, Pakistan will remain in the gray list of the Financial Action Task Force (FATF). This news has come out from the Pakistani media. Four of the five countries involved in the meeting are dissatisfied with the work done by Pakistan on terrorism. China involved in this meeting was trying hard to save its Iron Brother Pakistan. At the same time, Pakistan alleges that India was using this platform to serve political interests.
In fact, in the report prepared by FATF, Pakistan has completed only 26 out of 27 action points. According to sources in the Pakistan Finance Ministry, international observers have reviewed Pakistan’s progress in the online meeting of the International Cooperation Review Group (ICRG).
पाकिस्तान फाइनेंशियल एक्शन टास्क फोर्स (FATF) की ग्रे लिस्ट में बना हुआ है: पाकिस्तान मीडिया
— ANI_HindiNews (@AHindinews) June 25, 2021
This group includes China, America, Britain, France and India. According to sources, Pakistan has implemented 26 out of FATF’s 27-point action plan. Pakistan was hopeful that it could get some good news from the FATF meeting. At the same time, Pakistani Foreign Minister Shah Mehmood Qureshi had alleged that India is using FATF to serve its political interests. He said that it is a technical platform and use should not be used for political interests of its
It will take at least two to three more months for Pakistan to implement the remaining one point of the FATF. Now Pakistan may also find it difficult to get financial help from International Monetary Fund (IMF), World Bank and European Union. The situation of Pakistan already living in the condition of pauper will get worse. Financial aid to Pakistan from other countries may also stop. Because, no country wants to invest in an economically unstable country. Pakistan was put on the gray list in June 2018. Even in the review conducted in October 2018 and February 2019, Pakistan was not relieved. Pakistan has failed to act on the recommendations of FATF. During this, terrorist organizations in Pakistan have received financial help from abroad and domestically.
