Pakistan gets reprieve on FATF watchlist, says Asif | Page 3 | World Defense

Pakistan gets reprieve on FATF watchlist, says Asif

Hithchiker

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Im referring to putting Pakistan on the watchlist.
Tricky but explain here..
https://thediplomat.com/2018/03/how-will-being-on-the-fatf-grey-list-actually-impact-pakistan/
After much debate and speculation following the February Financial Action Task Force (FATF) plenary, the dust has finally settled: Pakistan will be placed on the FATF grey-list in June. It is now worth exploring what this means for Pakistan, particularly its economy, and the potential of this event to cause a shift in the country’s security and strategic calculus.

Some analysts have argued that the grey-listing will squeeze Pakistan’s economy and make it harder for the country to meet its mounting foreign financing needs, including potential future borrowings from the International Monetary Fund. They have also argued that the grey-listing could lead to a downgrade in Pakistan’s debt ratings, making it more difficult to tap into the international bond markets.

The factual evidence, both historic and current, suggests that these assertions are simply incorrect. Pakistan was on the FATF grey-list from 2012 to 2015, a period during which it successfully completed an IMF program and raised over $5 billion from the international bond markets. During this period Pakistan’s imports and exports remained stable, evidence that the grey-listing did not raise any significant barriers to trade.
 

Scorpion

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That is unfortunate to hear:/
 

Scorpion

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Ok so after further investigation it turned to be that Saudi Arabia did not vote against Pakistan because of it not being a member of the FATF so it doesn't have the right to voting.
 
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