Top Indian officials said on Friday that India will strongly push for Pakistan to be put back on the FATF grey list. This is because Pakistan has failed to pass a promised law to stop money laundering and terror funding.
Pakistan was removed from the grey list in 2022 after promising to make this law. But the law has still not been made. FATF (Financial Action Task Force) is likely to see this as a serious failure by Pakistan. Along with this, India will also give its own report showing Pakistan’s support for terrorism.
India’s move comes after the April 22 terror attack in Pahalgam, which killed 26 Indians. India has also spoken to the IMF (International Monetary Fund) to question the timing of a loan review for Pakistan after the attack.
Even though India tried to stop the loan, the IMF went ahead and gave Pakistan over \$1 billion with 11 conditions. Indian Finance Minister Nirmala Sitharaman also spoke to IMF Chief Kristalina Georgieva and pointed out that Pakistan often increases its arms spending after getting IMF loans.
India said it is not against development help to any country but wants to ensure that the money is not used for harmful purposes.
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