With economy in dejection, Imran Khan's obligation ridden 'Naya Pakistan' to stay on FATF dark rundown
Obligation ridden Pakistan's useless endeavor to wriggle out of the FATF's dim rundown fizzled after the whole concluded that Islamabad had neglected to follow all the 27 boundaries of the Financial Action Task Force's Action Plan.
This comes after India on Thursday impacted Pakistan once more for neglecting to make a move against United Nations-assigned psychological oppressors, for example, Jaish-e-Mohammed (JeM) boss Masood Azhar, Dawood Ibrahim and Lashkar-e-Taiba head Zakiur Rehman Lakhvi.
The MEA further said that Pakistan has tended to just 21 things to do so out of sight the 27 things to do and is yet to address six significant things to do.
Pak has been on FATF's dark rundown since June 2018
Pakistan has been on FATF's dark rundown from the previous two years. It was put on the dark rundown in June 2018 after which it was given a 27-point activity plan with a notice that neglecting to actualize it would prompt its boycotting.
Pakistan won a three-month further augmentation to finish its 27-point activity plan as a result of the Covid pandemic.
The cutoff time to finish the activity plan was June this year however the FATF stretched out it because of the deferment of its whole.
With FATF administration passing from China to Germany, Pakistan was at that point in a difficult situation.
Germany's Dr. Marcus Pleyer assumed control over the administration on July 1 this year from Xiangmin Liu, chief general, legitimate division, at the People's Bank of China.
Pakistan economy in 'desperate' waterways
Khan has been continually discussing the grave results the nation would confront on the off chance that it is boycotted.
With the economy in desperate waterways with easing back monetary development, Pakistan is now thinking that its hard to get budgetary guide from the multilateral organizations including the World Bank, International Monetary Fund, and Asian Development Bank, because of its dim rundown status.
In a meeting in August, Khan had said that Pakistan would endure tremendous difficulties, similar to Iran, on the off chance that it was boycotted.
"Individuals talk about swelling now. In the event that we are set on the boycott, we will encounter swelling that would demolish our economy," he had said.