ISLAMABAD – India has made another attempt to get Pakistan blacklisted bythe Financial Action Taskforce (FATF) but it has been foiled by thecountry’s friends.
Pakistan’s case before the FATF has strengthened as Malaysia, along withChina and Turkey, has stalled the motion put forward by India to blacklistthe country over money laundering and terror financing.
Now, Pakistan has the support of three nations. India has one day to putforth another motion, as the meeting of the Working Group of theinternational watchdog is going on in Orlando, Florida. It will continuetill June 21.——————————
The Working Group will deliberate on Pakistan’s case from June 19 to June21.
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However, there are very few odds that Pakistan would be blacklisted, atleast in this session. Even if Pakistan gets blacklisted in this session,the economic sanctions will not be imposed immediately.
A three-member delegation of Finance Ministry is attending the ongoing FATFsession.
