The Financial Action Task Force (FATF), which exports terrorists to the world after rearing terrorists, has once again been placed in the gray list. Pakistan has been retained in this list because of not completing the homework given by the FATF to stop terrorist funding. It is not that this only insults Pakistan, but it also puts a huge financial burden on the previously bankrupt country. It has been reported in a research paper that Pakistan has lost $ 38 billion (about 2806 billion rupees).
The Paris-based organization, which monitors Terror funding worldwide, has once again announced that Pakistan will remain on the gray list. The FATF has said that Pakistan’s attempts to curb terror financing have serious drawbacks and the system is not effective.
Islamabad-based think tank TransferLab has said that from 2008 to 2019, Pakistan has lost about $ 38 billion due to repeated list of Pakistan on FATF list. The research paper said, “A large part of this loss to GDP has been due to declining domestic consumption and government spending.” .
According to the research paper, between 2012 and 2015, Pakistan suffered a loss of about $ 13.43 billion due to the FATF ban. The think tank said these restrictions have short-term and medium-term effects on the economy. The research paper described how GDP had increased in 2017-18 when Pakistan remained out of the gray list.