*NEW DELHI* : Financial Action Task Force (FATF), the global watchdog forterror financing and money laundering, meets in Paris for its crucialplenary session on Pakistan.
Vote to downgrade Islamabad to the black list due to its poor compliance onmeasures to tackle terror funding at the FATF to be held.
The FATF is currently headed by China and has Malaysia, Turkey as well asSaudi Arabia are its members. China, Malaysia and Turkey to vote against adowngrade for close friend Pakistan.
“The APG has recommended that Pakistan should be downgraded from grey toblack. But the APG is not empowered to downgrade, which comes from theFATF,” strategic expert and Pakistan watcher Jai Kumar Verma told IANS.
At the FATF meeting, it will require a minimum of three votes to prevent ablacklisting. “At the FATF, if the three countries — China, Malaysia andTurkey — say that Pakistan should not be downgraded from grey to black,then it will not.
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“And the three countries will vote that Pakistan should not be downgradedto black,” he added.
However, even remaining in the grey list will prove very costly forPakistan. Its Foreign Minister Shah Mahmood Qureshi had in April said thatPakistan will face losses worth $10 billion annually if it remains in the’grey list’.
