Cash-strapped Pakistan may seek the intervention of the US for relief from the tough conditions of the FATF and the IMF in lieu of its its services for the peaceful exit of American troops from Afghanistan, according to a media report.
Prime Minister Imran Khan is likely to persuade the Trump administration for relief from the FATF and the IMF during his meeting with US President Donald Trump on the sidelines of the United Nations General Assembly session in New York this month.
The anti-money laundering watchdog Financial Action Task Force (FATF) last year placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terrorism financing.
The Paris-based body warned Islamabad to meet its commitment by October or face action, which could possibly lead to the country getting blacklisted. According to reports, Pakistan fared poorly at the final review of the FATF held in Bangkok ahead of the plenary meeting in October.
“The FATF is going to meet in Paris somewhere in next month of October where it will decide Pakistan’s fate. The same month, the IMF will also initiate review of first
quarter of Pakistan’s output under USD 6 billion programme loan,” a Cabinet member told The News.