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.
“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.
#EXCLUSIVE: US @StateDept 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. pic.twitter.com/VeXfzWkLuI
— Aditya Raj Kaul (@AdityaRajKaul) June 30, 2018
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