Key points
- Pakistan receives strong backing from key member states during FATF session
- China takes a firm stance in Islamabad’s favour
- Turkiye and Japan extended their full support to Islamabad, further undermining New Delhi’s effort
ISLAMABAD: India suffered a diplomatic setback in its bid to have Pakistan re-listed on the Financial Action Task Force (FATF) grey list amid “strong opposition from member states”, local media cited sources as saying.
The News International cited Diplomatic sources as saying that the Indian delegation made a “concerted push” to place Pakistan back on the grey list, citing concerns related to financial regulations and counter-terror financing.
The FATF plenary session, held recently, saw Pakistan receive strong backing from key member states, including China, Turkiye, and Japan—effectively thwarting India’s campaign to isolate Pakistan on the global stage.
Pakistan’s diplomatic victory
However, China took a firm stance in Pakistan’s favour, advocating for continued relief and acknowledging the nation’s progress on FATF requirements.
Turkiye and Japan also extended their full support to Pakistan, further undermining India’s effort, according to The Express Tribune.
In October 2022, the FATF — a global money laundering and terrorism financing watchdog — removed Pakistan from a list of countries under “increased monitoring”, also known as the “grey list”
Meanwhile, Pakistan Finance Minister Muhammad Aurangzeb remarked that India has once again faced diplomatic failure on the global stage, according to The Express Tribune.
