The current move to bring Pakistan back onto the grey list is rooted in what Indian officials view as Islamabad’s failure to uphold these commitments amid a fresh wave of regional instability from the state-sponsored “cross-border terrorism”“It is very evident that the strategic deficiencies remain unaddressed, and credible action is still lacking on the part of Pakistan,” a source said.Meanwhile, the International Monetary Fund (IMF) has defended its decision to release a USD 1 billion loan installment to Pakistan, stating that the country had met all required targets. However, this approval came with 11 new conditions, including increased electricity debt surcharges, easing import restrictions, and requiring parliamentary approval for economic measures.India’s renewed diplomatic offensive may also factor in broader geopolitical calculations, including Pakistan’s push for international financial assistance. Currently, 25 countries are under FATF’s increased monitoring, and any move to re-list Pakistan could complicate its access to multilateral funding.The FATF, established in 1989 by the G7 to combat money laundering and terrorist financing, meets three times a year to evaluate member and non-member countries. It’s next plenary is scheduled for June, where India’s proposal could become a point of discussion.
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