Pakistan has re-entered the list of countries supporting the terrorist countries. The Pakistan Government has given these reports on its own. After this action, banking transactions from other countries will end, which will affect Pakistan’s economy. This gray-list of the Force Terror Action Financing Watch list (FATF) will release in June. Explain that the FATF monitors the activities of the countries that provide any assistance to the terrorists. Pakistan on this list for three years till 2015.
What is FATF
FATF monitors the activities of the countries that provide any kind of help to the terrorists. He also closely monitors the financial institutions of the countries involved in the Force list, which can lead to trouble in business in Pakistan.
Was it done to avoid action on Hafiz Saeed
Pak had also acted on the organizations affiliated to Hafiz Saeed to avoid joining this list a few days ago. But Pakistan still could not escape from joining this list.
America had put pressure on other member countries
The United States had put pressure on member countries to include Pakistan in FATF’s Gray List. The US is expressing resentment on Pakistan to end its connection with terrorist organizations and help them in attacks in neighboring countries. China and Saudi Arabia were initially opposed to the US, but after China’s talks with India, Pakistan was alone on this issue.
How and why the Pak included
The US had proposed to put Pakistan on the FATF list due to not taking correct steps against the terrorists in the past. India, France, and Britain supported this proposal of the United States. According to reports, China, Saudi Arabia, and Turkey had opposed putting Pakistan in this list. But later these countries also withdrew their support. Please note that the list of FATF now includes countries like Ethiopia, Sri Lanka, Serbia, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, and Iraq.
Pakistan Foreign Ministry also confirmed that
According to the Pakistani newspaper Dawn, External Affairs spokesman Dr. Mohammad Faisal said that Pakistan included in the FTAF’s Gray List. But he is confident that he does not include in the Anti-Money Laundering Watch Black List. Pakistan’s officials and analysts fear that joining the FATF list will break the banking connection from other countries of Pakistan. This will cause difficulties for the economy coming closer to the general elections.