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Chinese attempt to save it from action failed, Pakistan was gray…will remain gray


Pakistan will still have to remain in the gray list of FATF. Which simply means that the sword of danger is still not removed from the head of Pakistan. Pakistan will still have to remain under restrictions in terms of investment.

Pakistan will remain in the list of Financial Action Task Force (FATF). Pakistan will probably be a little happy that it has escaped being blacklisted. But staying in the gray list is a big blow for Pakistan. Pakistan will still have to remain under restrictions in terms of investment. There was constant pressure being made by India that strict action should be taken against Pakistan. In the meeting that lasted for three-four days, it was decided that Pakistan would still have to remain in the gray list of FATF. Which simply means that the sword of danger is still not removed from the head of Pakistan.

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Pakistan has suffered a loss of about $ 38 billion due to the gray list. Now it will find it difficult to get help from institutions like International Monetary Fund (IMF). According to the FATF report, Pakistan has so far completed only 26 out of 27 action points. At the same time, in Pakistan, this decision is being called discrimination of western countries and the question is being asked that when Pakistan has completed the work on so many points since June 2018, why is it still kept in the gray list. Gone. It was also reported that China was helping Pakistan to save it from FATF action. China, US, UK, France and India attended the FATF meeting. The FATF was formed in 1989 and has 39 members.

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