TNF
No Result
View All Result
  • Login
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion
No Result
View All Result
TNF
No Result
View All Result
Home Controversies

What’s the relation between Pakistan’s Absolutely Not and FATF Grey List

Pakistan is acting independently of Western interests for the first time in decades

Turab Ali by Turab Ali
July 5, 2021
Reading Time:3 mins read
2
Pakistan FATF Grey List

What's the relation between Pakistan's Absolutely Not and FATF Grey List

The relation between Pakistan’s Prime Minister statement “absolutely not” and FATF Grey List is an obvious reality. If somehow the Financial Action Task Force (FATF) is defined from an economic perspective and otherwise as a challenger for Pakistan, It is difficult to over establish, given that Pakistan was put on the grey list and has sustained enormous damages to its economy of $38 billion.

RELATED POSTS

Is Pakistan’s Economy collapsing?

China reduces lending standards to stimulate the economy

The Great Resignation: Role of Human Resource in Employee Retention

The FATF’s decision to retain the country on its Grey List was indicated that the lack of action to promote the strategic interests of the United States in the area could have been affected by Pakistan. Yet Pakistani government authorities can scarcely argue that the State has fought to have money laundered. They have frequently accused opposition leaders of this and even attempted to convict several people against them.

Pakistan had not created an action plan from 2012-2015 according to FATF observers. In implementing the FATF guidelines it seemed that the Pakistani administration was not serious. During 2018, because of the absence of “strategic deficits” in controlling corruption, tax evasion, and terror funding – Pakistan was placed again on the dreadful list.

Discussing in a TV program the other day, the then Minister of Finance (with a supervisory position) admitted responsibility for the inclusion of Pakistan in the list. From 2013 to 2018 no explanation was provided by the leaders.

What does FATF want?

The FATF is a policy-making organization that strives to create the political will necessary to carve out domestic legislative and regulatory measures to monitor these tendencies. It monitors the status of implementation via peer review (mutual assessments) of its suggestions by the Member States. In 1989, its headquarters in Paris were established to tackle the increasing threat of financial fraud.

The task group studied money laundering trends, monitored national and international regulatory, economic and criminal justice actions, reported on compliance and issued suggestions and regulations for combating money laundering.

The relation between Pakistan’s Absolutely Not and FATF Grey List

One of the justifications for putting Pakistan on the grey list is to compel Pakistan into acting against the banned outfits by U.S. Premier Imran Khan believes that the primary cause for people’s radicalization is frequently the collateral damage of terrorist activities. This reasoning is not acceptable to the US.

Iconic Pakistan’s absolutely not from the Imran Khan in the light of a scheduled FATF inspection on the supply of air bases to the US may not have been appropriate. The US isn’t just the biggest FATF financer, it also chairs the US Taskforce and is also the head of the Department of the US Revenue. Therefore one can say that this is the main reason to remain on the FATF Grey List.

Pakistan’s ties with the US are in a historic era

The relationship between them is usually geopolitical interests, and particularly those that are proxy-like towards Pakistan that constantly promotes America’s regional agenda. all of this is unusual. After he recently confirmed that he “no longer entirely” will enable the US in his nation to establish military bases for attacking Afghanistan. This is no longer possible.

Pakistan acts independently of Western interests and puts itself above all others for perhaps the first time in decades. This does not mean that it acts against the interests of its counterpart but that it eventually strives to match the unipolar superpower. The geo-economic model is the best way of doing this, as it does not contradict the concerns of any third party and may help stabilize Europe and Asia.

That said, certain elements in the US still hold to an old mindset and hence do not want to regard Pakistan as equal, nor to give geo-economic priority over geopolitical. You think that using unorthodox measures such as the FATF, the US should continue to pressure Pakistan, to force its sovereign Crucial Agreements to Afghanistan and China.

This thought is still true but not as successful as it was before. It’s still very successful. These ineffective policies motivated Pakistan to consolidate its good financial relationship with China. It is in a worldwide way by committing to BRI’s flagship project. It is by providing China with full access to the Indian Ocean through the CPEC, transformed the international geostrategic calculations.

What Should Pakistan Do?

All in all, Pakistan must walk with great care and build a trustworthy state’s reputation. The FATF has added to its Pakistan suggestions. The diplomatic frontline has to be extremely vigilant. Pakistan progressively redefines itself as a nation-state and attempts to give its image of an ideology state. That is a scholarly procedure that need acceleration. It should also appreciate its plural nature.

Tags: Absolutely NotAfghanistanAfPakCPECdigital economy of PakistanFATFFATF Grey ListGrey ListImran KhanPakistanPakistan economy
ShareTweetSend
Turab Ali

Turab Ali

Turab Ali is a seasoned journalist and content manager for leading news and media organizations in Pakistan.

Related Posts

Is Pakistan’s Economy collapsing?
Economy

Is Pakistan’s Economy collapsing?

March 9, 2023
China reduces lending standards to stimulate the economy
Economy

China reduces lending standards to stimulate the economy

August 29, 2022
The Great Resignation: Role of Human Resource in Employee Retention
World

The Great Resignation: Role of Human Resource in Employee Retention

August 23, 2022
Bangladesh seeks IMF loan but its economy isn't bad
Economy

Bangladesh seeks IMF loan but its economy isn’t bad

July 29, 2022
What happens if Pakistan defaults on its loans?
Economy

What happens if Pakistan defaults on its loans?

July 4, 2022
Mini Budget session at parliament
Economy

Mini Budget: An Overview of The Way Forward

January 27, 2022
Next Post
Al Qaeda and Taliban in Afghanistan

Al-Qaeda's Return and Taliban Strength After the Withdrawal of Foreign Troops from Afghanistan

Bus Crash in Upper Kohistan : At least 13 killed including Chinese Engineers

Bus Crash in Upper Kohistan : At least 13 killed including Chinese Engineers

Comments 2

  1. Pingback: The Pegasus Project: Pakistan demands UN probe into Indian spy operation - TNF
  2. Pingback: Pakistan Customs Joins TradeLens as First Authority in region to Digitize Supply Chains - TNF

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

PTI Government forest area

PTI Government pledges to reclaim 700,000 acres encroached forest area

November 22, 2021
Shaukat Tarin to launch PSW subscription and banking modules

Shaukat Tarin to launch PSW subscription and banking modules

October 30, 2021
Why do I fascinate getting into the medical sciences?

Why do I fascinate getting into the medical sciences?

September 30, 2021

Popular Stories

  • Zahir Jaffer and Noor Muqaddam

    All You Need to Know About Zahir Jaffer and Noor Muqaddam

    0 shares
    Share 0 Tweet 0
  • Current Challenges Faced by Pakistan Textile Industry 

    0 shares
    Share 0 Tweet 0
  • Zahir Jaffer confronts Noor’s father in court, seeks pardon

    0 shares
    Share 0 Tweet 0
  • Jaffar Brothers distances itself from Zahir Jaffer

    0 shares
    Share 0 Tweet 0
  • US Embassy issues official statement on Zahir Jaffer

    0 shares
    Share 0 Tweet 0
TNF

The National Frontier is a publication focusing on regional and global issues, borders and frontiers across the world.

Recent Posts

  • Achieving Blessings in Ramadan: An 8 Step Guide
  • Is Pakistan’s Economy collapsing?
  • The Beauty of Lotus Lake in Islamabad

Categories

  • Business
  • Controversies
  • Culture
  • Economy
  • Featured
  • Health
  • Interviews
  • Lifestyle
  • National
  • Opinion
  • Politics
  • Tech
  • Travel
  • Uncategorized
  • World

About Us

  • About TNF
  • Our Contributers
  • Subscribe
  • Privacy Policy
  • Advertise
  • Contact Us

© Copyrights 2021 The National Frontier. Powered by Effiesoft

No Result
View All Result
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion

© Copyrights 2021 The National Frontier. Powered by Effiesoft

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?