Big blow to Pakistan as this terror nation is totally isolated globally! Here’s why Pakistan will have tough days ahead

The terror nation Pakistan has been once again isolated in the global platform. What has happened now will not just choke Pakistan’s economy but will also have a long-lasting negative impact on Pakistan in international level. In the ongoing plenary meet in Paris, the Financial Action Task Force (FATF) has formally put Pakistan on the grey list and this will give a major blow to Pakistan in the coming days in all aspects.

The Financial Action Task Force (FATF) consists of 35 members and two regional organisations–European Commission and GCC. FATF is an inter-governmental body established in 1989 by the ministers of its member jurisdictions.

So to save Pakistan from the grey list, support of three members of FATF were necessary. But accept Turkey, none of the nations that were friendly to Pakistan came to its rescue.

“In the aftermath of FATF decision, Pakistan may suffer a risk downgrade by multilateral lenders like IMF, World Bank, ADB, EU and also a reduction in risk rating by Moodys, S&P and Fitch on Pakistan economy” said the experts.

Putting Pakistan into Grey list by FATF was welcomed not just by India but even by the USA!
The Ministry of External Affairs welcomed the decision and said “Pakistan has given a high-level political commitment to address the global concerns regarding its implementation of the FATF standards for countering terror financing and anti-money laundering, especially in respect of UN-designated and internationally proscribed terror entities and individuals”.
Slamming terrorist Hafiz Saed other terrorist organisations, MEA stated “the freedom and impunity with which the designated terrorists like Hafiz Saed and entities like Jamaat-Ud-Dawa, Lashkar-e-Tayabba, Jaish-e-Mohammed continue to operate in Pakistan is not in keeping with such commitments. We hope that the FATF Action plan shall be complied with in a time-bound manner and credible measures would be taken by Pakistan to address global concerns related to terrorism emanating from any territory under its control”.
In a statement, the Ministry of External Affairs also stated “India welcomes the decision of the Financial Action Task Force to place Pakistan in its Compliance Document (grey list) for ICRG monitoring,” said India’s ministry of external affairs”.
What the United States said after the terror nation got a severe blow?
The spokesperson of the US State Department stated “We are pleased that Pakistan has made a high-level political commitment to work with the Financial Action Task Force (FATF) to address weaknesses in its counter-terrorism financing (CFT) regime”.

“We strongly encourage Pakistan to work with FATF and the international community to meet its CFT obligations, including fulfilling its commitments under UN Security Council Resolution 1267 to freeze and prevent the raising and moving of funds belonging to or associated with UN-designated terrorist groups” he added.

  • US Department of State welcomes FATF move to Grey List Pakistan for not countering terror financing. Washington reminds Islamabad to act against UN Designated terrorists as per commitments to UN Security Council’s 1267 Committee. Global embarrassment for Pakistan.

While Pakistan has been totally isolated in the global platform, the terror nation has not stopped helping the terrorists. In a move to shield the terrorists, Pakistan is purposefully delaying action on 26/11 probe.

But the Rawalpindi anti-terrorism court also slammed Pakistan stating “Militant organisations are active. Call them non-state actors, should we allow them to cross the border and kill 150 people in Mumbai? Explain it to me. Why can’t we complete the trial?”.

Source: Republic World

Hansika Raj