Dillinger
SENIOR MEMBER
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Pakistan is in the dock at the ongoing FATF meeting in Paris, with the sword of being put back on the grey list of terror financing countries hanging on its head. Interestingly, this is the FIRST TIME in the body's history that four nations have singled out another nation at the same time for censure.
There seem to be many misconceptions about how being put on the list would hurt Pakistan's economy, with many members believing that it will have negligible impact. However, that may be far from the truth. The most significant impact could be that this time around, it could push Pakistan into a balance of payments crisis (Last time, according to reports, Pak was on the list when it neared a BoP but it was bailed out by the IMF. This time, with the US leading the motion at FATF and holding IMF's purse strings, this might not be so feasible).
Before discussing, please read the article and then debate on the salient points.
Click here to read the full article
There seem to be many misconceptions about how being put on the list would hurt Pakistan's economy, with many members believing that it will have negligible impact. However, that may be far from the truth. The most significant impact could be that this time around, it could push Pakistan into a balance of payments crisis (Last time, according to reports, Pak was on the list when it neared a BoP but it was bailed out by the IMF. This time, with the US leading the motion at FATF and holding IMF's purse strings, this might not be so feasible).
Before discussing, please read the article and then debate on the salient points.
Click here to read the full article