If a country goes blacklisted, it has a huge impact on the funding it receives from around the world.
New Delhi, October 16: Debt-ridden Pakistan is in for a big shock. Pakistan has been placed on a gray list by the Asia-Pacific group of the Financial Action Task Force (FATF), which monitors international terrorist organizations. After that, Pakistan is now likely to be blacklisted. The meeting will be held on October 21 and 23. The meeting is likely to decide whether to put Pakistan on the gray list or not. Pakistan wants to get out of this list. But a lot also depends on other countries.
The FATF’s mission is to monitor the financing of terrorism. At its inception, the FATF had 16 member countries, up from 37 in 2016. This includes almost all the major countries in the world, including India. The organization works to blacklist or blacklist countries that breed terrorism. If a country goes blacklisted, it has a huge impact on the funding it receives from around the world. Given Pakistan’s current economic situation, they cannot afford to be blacklisted. Pakistan has also hired the largest association firm in the US to get out of the list.
With the help of this firm they are trying to get out of this list. But getting out of this list is not an easy task. For this, Pakistan needs the support of 12 countries in this organization. The role of the United States is going to be very important in all this. At present Pakistan has the support of only 3 countries. These three countries include China, Turkey and Malaysia. Therefore, it is difficult for Pakistan to get out of this list at present. Pakistan has hired a US-based firm, Linden Strategies, to appease the Trump administration and gain US support.
To be removed from the list, Pakistan will have to abide by the 27 points set by the organization. Pakistan is also seen making efforts for this. In August, Pakistan banned 88 terrorist organizations. These include terrorists like Hafiz Saeed of Jamaat-ud-Dawa, Masood Azhar, head of Jaish-e-Mohammed, and Dawood Ibrahim. So now it will be important to see how much relief Pakistan gets from this action. The United States has been upset over Pakistan’s recent move closer to China. So it remains to be seen whether the US will support Pakistan or take a tougher stance in the coming meeting.