Pakistan is facing economic crisis global incredibility Message also for Kashmiri separatists

 

Failure to check terror patronising and funding terrorism has landed Pakistan in serious trouble The 37-nation global anti-money laundering agency Financial Action Task Force (FATF), has said that Pakistan has failed to take appropriate steps to curb terror financing on its soil. This finding has caused embarrassment to the country's credibility at the global level. The move has serious financial implications for Pakistan at a time when the country is in a serious economic crisi

The global agency has placed the country in the grey list which in economic terms means that Pakistan's financial system is risky for international markets because of strategic deficiencies in Pakistan's ability to thwart terror financing and money laundering. The decision was taken three years after removal of Pakistan from FATFS grey list Earlier, it was decided, during the preliminary meeting of the TATF in February this year, that Pakistan would be placed on its grey list in June if it did not take sufficient measures to curb terror financing When the country failed to take the desired measures to curb this type of financing the global agency placed the country in the grey list. Pakistan remained telling the international community that it is taking adequate measures to meet TATFS recommendations but these were nt up to the satisfaction of the global organisation International propping nation. intelligence agencies had consistently received information that Pakistan had been supplying money for terrorism in Kashmir and Afghanistan. The money, that could have been used for economic development, were diverted to terrorist acts, including stole pelting .

Terrorism patronising and financing is creating difficult problems for Pakistan. The Pak government is finding it difficult to run the administration, as it finds the country deficient in the financial security standard of the global arena. It asked the International Monetary Fund to provide it a loan, sufficient to tide over its financial difficulty The 1. M. F response was inadequate for the Pak hopes. The major foreign financier of the Pak expenditure, so far, has been its strongest friend. The United States the funds it used to provide Pakistan Pakistan used to receive American dollars in billions Now, these are to come in millions Dismayed. Pakistan has been looking towards her other close friend China and the religious benefactor Saudi Arabia, but these two countries have been lukewarm. Both the countries say they are opposed to terrorism. A respected Saudi citizen, hailing from one of the country's most influential families, Osama bin Laden's mother, has expressed regret that her son became a fundamentalist Ms. Alia Ghanem said publicly that the thinking and acts of the dead terrorist were wrong Osama's brother, Hassan, says he will urge Hamza Osama's son, not to follow his father who was killed by a US operation team on May 2, 2011,

Seventy-one years of Pakistan's functioning have made it go against the principles laid by its founder, Quad-e-Azam M.A. Jinnah wanted the country to be progressive and moderate on the pattern of Turkey during the times of Gamal Ataturk. Contrary to this, Pakistan blossomed into a regressive, fundamentalism- propping nation.

A majority of Pak nationals is opposed to terrorism, yet its leaders and its army favour it. In the recent elections to the Pak National Assembly, not a single supporter of terrorism succeeded in getting elected.

Kashmiri separatists are aware of the fact that Pakistan loves the Kashmir territory more than its residents. The separatists have to take a hard decision. Will they continue to love a retrograde Pakistan, or a progressive, plural India?

DISCLAIMER: 

The views expressed in the Article above are Author’s personal views and kashmiribhatta.in is not in any way responsible for the opinions expressed in the above article. The article belongs to its respective owner or owners and this site does not claim any right over it. Copyright Disclaimer under section 107 of the Copyright Act of 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing."

Courtesy:- Jagannath Dhar and Koshur Samachar 2018, August