Narendra Modi Government plans to suggest Pakistan’s placement of “Gray list” in a major meeting of the Financial Action Task Force (matchf) in the next month, according to official sources. Fat is a global financial crime agency. Its gray list contains names in countries without a lot of monitors until they take the clear steps to correct the knowing errors in their financial systems. Attaching gray list of fat can limit access to a country of international loan.
Pakistan did not recognize conditions taken the gray list, according to the origin.
The news arrives at a time when two countries agreed to a ceasefire on May 10, in the request of Pakistan, after Indian military trials the civilian and military target of India.
Pakistan has a history that is on the fat list of gray
Pakistan is on the backlist for many times since its in 2008.
This is the last removed from the list of 2022, with a reminder of Pakistan who should continue to work on anti-money disabilities of terrorism (AML and CFT) systems.
In 2018, Pakistan was asked to plan and implement a plan of action, including effective measures against the United Nations terrorism states, individuals and their associates.
In 2021, the country is also worn on the list for failure to respond to all problems that are previously recognized.
Indo-Pak relationships | Indian principle on Tatf Gray List
India is set reported to send a detailed dossier to the Global Financial Crime Watchdog, which puts evidence and individuals about the activities of naming and money.
The emphasis on these findings, India’s dossier is reported to demand strict examination and action under international protocols.
India opposes World Bank borrowing Pakistan?
India is likely to make a strong case against Pakistan’s World Bank lending, as the sources.
Multilateral Development Bank is set to discuss a $ 20 billion lending package for Pakistan in June.
Pakistan has obtained a $ 7 bails bailout from the International Monetary Fund (IMF) last year, and a new $ 1.4 billion arrangement under one month’s foundation.
