Pakistan not get relief from the Financial Action Task Force (FATF), which monitors money laundering and terrorist financing. Pakistan will always remain on the FATF gray list. FATF President Marcus Player said Pakistan would remain under constant surveillance. He carried out 26 missions out of 27.
The FATF said the main problem Pakistan has yet to resolve is its inability to act against UN-listed terrorists such as Hafiz Saeed, Masood Azhar. This FATF group includes China, America, Great Britain, France and India. After that, an official announcement was made by the FATF to once again keep Pakistan on the gray list for the next six months.
Significantly, in June 2018 Pakistan was graylisted. After that, even during the FATF review held in October 2018 and February 2019, Pakistan could not get any relief. Pakistan has not acted on the FATF recommendations. Along with this, terrorist organizations received financial aid from abroad and Pakistan during this period.
After Pakistan remains in the gray list of the FATF, the economic situation of Pakistan, which is already facing a bad situation, will be seriously affected. Being on this list, he will continue to have problems obtaining financial assistance from the World Bank, the IMF and the European Union. At the same time, financial sluggishness will not be available in other countries either.
Previously Pakistani Foreign Minister Shah Mehmood Qureshi claimed India was using the FATF to further its political interests. Qureshi added that this is a technical platform, which should not be used for political purposes. Pakistan not get relief
