Impact of Financial Action Task Force adverse decision on Pakistan??
In this video, we will discuss how placing on terror financing watch list will be harmful for Pakistan/
Inclusion in terror financing watch list may cause economic default in Pakistan
Reference -
https://www.pakistantoday.com.pk/2018/02/23/pakistan-added-to-fatf-grey-list/
https://tribune.com.pk/story/1642791/1-fatf-puts-pakistan-back-terrorist-financing-watchlist-media/
https://www.hindustantimes.com/world-news/financial-action-task-force-set-to-include-pakistan-in-its-grey-list-of-nations/story-xFtFMwxLjiidqdoOmFGGBI.html
https://en.wikipedia.org/wiki/Financial_Action_Task_Force_on_Money_Laundering
Transcript -
Hello Friends, welcome to Real Quick Info channel. Lets discuss about today's topic.
While Indian media has been reporting that Financial Action Task force has put Pakistan on terror financing watch list
At the same time, Pakistani media is reporting that final decision is yet to be taken.
Amid the prevailing confusion, Just like foreign minister of Pakistan, we should not enter in to premature celebration mode.
Rather interestingly, In between the years 2013 and 2015, Pakistan has got experience of being in this terror financing watch list.
Now if Pakistan is again classified in the same list, it will confirm that Pakistan is habitual offender, and it refused to learn any thing last time.
Hence, please expect this time around, Pakistan will have rather painful and lethal experience.
You may know, China, Saudi Arabia on behalf of Gulf Cooperation council and Turkey were opposing US led move this time.
Very significantly, any resolution can be blocked, only if its opposed by at least three members. Hence Pakistan did have bare minimum support to foil US led move.
As per the tweet of interior minister of Pakistan, it can be confirmed that only Turkey is supporting Pakistan now. Its amusing to see, China the All weather friend of Pakistan has also left Pakistan.
On the basis of this official tweet, it can be said, its just a matter of time for formal announcement to happen, for Pakistan to be once again placed on terror financing watch list.
People of Pakistan foolishly call India mother of terrorists, but its their country, which has been found financing terrorism two time in 10 years.
Anyways, we don't expect them to accept their monumental mistake of last 70 years.
lets discuss quickly, how being put on terror financing watch list will impact Pakistan.
Lets have no doubt, This time around the impact is going to be more severe. Thanks to its debt burden, Pakistan will need loan to service the loans. now, Pakistan will face a serious challenge and heavy scrutiny, while sourcing funds for loan repayment. This makes the danger of economic default possible.
for example, if Pakistan request a bail out package from International Monitory fund , the request could be rejected.
To take advantage of this situation, International capital market may ask higher rate of return from Pakistan. Hence to borrow money will get costlier.
If you see, Pakistan's dependence on China and Russia is bound to increase in future.
Make no mistake, Russia and China are just using Pakistan as a tool for their own benefits. They can be friendly to Pakistan, but they can never support Pakistan like America used to do in the past.
If Russia and China are wise enough, they should know, Pakistan has got the habit of biting the hands, that feeds it. Now its America, tomorrow might be turn of China and Russia as well.
You know, Though Pakistan is not even a member of Financial Action Task Force organization, yet they have sent a high level delegation to plead for Pakistan's cause in the meeting. Hence they cannot claim, that they didn't get chance for representing their views.
And while India is a member of this organization, America, England, France and Germany were pushing hard to place Pakistan on terror financing watch list. This effectively confirms, that India was able to convince and enroll these wold powers to fight for Indian cause.
Because, one of the primary reasons for what is happening today is Pakistan's reluctance to take action against Hafiz Saeed and his organizations. Thankfully, years of diplomatic engagement is paying off now.
We would like to hold our thoughts now, but we hope, that Pakistan will be placed on terror financing watch list.
As per your views, do you see Pakistan escaping from any adverse action this time around?
Please let us know your views in comment section below.
Please find the reference links of this video in the description box below. Thank you friends.
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While Indian media has been reporting that Financial Action Task force has put Pakistan on terror financing watch list
At the same time, Pakistani media is reporting that final decision is yet to be taken.
Amid the prevailing confusion, Just like foreign minister of Pakistan, we should not enter in to premature celebration mode.
Rather interestingly, In between the years 2013 and 2015, Pakistan has got experience of being in this terror financing watch list.
Now if Pakistan is again classified in the same list, it will confirm that Pakistan is habitual offender, and it refused to learn any thing last time.
Hence, please expect this time around, Pakistan will have rather painful and lethal experience.
You may know, China, Saudi Arabia on behalf of Gulf Cooperation council and Turkey were opposing US led move this time.
Very significantly, any resolution can be blocked, only if its opposed by at least three members. Hence Pakistan did have bare minimum support to foil US led move.
As per the tweet of interior minister of Pakistan, it can be confirmed that only Turkey is supporting Pakistan now. Its amusing to see, China the All weather friend of Pakistan has also left Pakistan.
On the basis of this official tweet, it can be said, its just a matter of time for formal announcement to happen, for Pakistan to be once again placed on terror financing watch list.
People of Pakistan foolishly call India mother of terrorists, but its their country, which has been found financing terrorism two time in 10 years.
Anyways, we don't expect them to accept their monumental mistake of last 70 years.
lets discuss quickly, how being put on terror financing watch list will impact Pakistan.
Lets have no doubt, This time around the impact is going to be more severe. Thanks to its debt burden, Pakistan will need loan to service the loans. now, Pakistan will face a serious challenge and heavy scrutiny, while sourcing funds for loan repayment. This makes the danger of economic default possible.
for example, if Pakistan request a bail out package from International Monitory fund , the request could be rejected.
To take advantage of this situation, International capital market may ask higher rate of return from Pakistan. Hence to borrow money will get costlier.
If you see, Pakistan's dependence on China and Russia is bound to increase in future.
Make no mistake, Russia and China are just using Pakistan as a tool for their own benefits. They can be friendly to Pakistan, but they can never support Pakistan like America used to do in the past.
If Russia and China are wise enough, they should know, Pakistan has got the habit of biting the hands, that feeds it. Now its America, tomorrow might be turn of China and Russia as well.
You know, Though Pakistan is not even a member of Financial Action Task Force organization, yet they have sent a high level delegation to plead for Pakistan's cause in the meeting. Hence they cannot claim, that they didn't get chance for representing their views.
And while India is a member of this organization, America, England, France and Germany were pushing hard to place Pakistan on terror financing watch list. This effectively confirms, that India was able to convince and enroll these wold powers to fight for Indian cause.
Because, one of the primary reasons for what is happening today is Pakistan's reluctance to take action against Hafiz Saeed and his organizations. Thankfully, years of diplomatic engagement is paying off now.
We would like to hold our thoughts now, but we hope, that Pakistan will be placed on terror financing watch list.
As per your views, do you see Pakistan escaping from any adverse action this time around?
Please let us know your views in comment section below.
Please find the reference links of this video in the description box below. Thank you friends.
Tags
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