New Delhi: Pakistan will continue to be on the gray list of the FATF, the international body for preventing terrorist financing. The FATF said the list would remain in place until February 2021 because Pakistan had failed to comply with six of the 27 directives issued by the FATF.
Of the ’27 proposals, 21 were completed by Pakistan. It means the world is so safe. But six more things need to be unpacked. It provides an opportunity to address their shortcomings and move forward. If it is not resolved, the country will be blacklisted, ”the FATF said.
The six proposals include the failure to take action against terrorists Masood Azhar, Hafiz Saeed and Zakiur Rahman Lakhvi, and the removal of about 4,000 people from the list of terrorists. If it stays on the gray list, it will be difficult for Pakistan to get funding from financial agencies like the World Bank, IMF and ADB.
The decision was made at a three-day FATF virtual meeting. The June meeting was postponed due to the Kovid epidemic. Pakistan is worried that this time it will be the same as it was in 2015 when it was included in the list of countries that help terrorists. Currently, North Korea and Iran are blacklisted by the FATF. Pakistan can move from the gray list to the white list only if it gets the votes of 12 members of the 39 – member organization.
In 2018, Pakistan was included in the gray list. The 27 options put forward by the organization were allowed to be completed by October 2019. India has said it would be better for Pakistan to remain on the gray list if it fails to take action against militant groups and Maulana Masood Azhar and Hafiz Saeed.
English Summary :Pakistan To Stay On Terror Financing “Grey List” Till Feb 2021