{"id":87375,"date":"2019-04-21T15:57:54","date_gmt":"2019-04-21T22:57:54","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=87375"},"modified":"2019-04-21T15:57:54","modified_gmt":"2019-04-21T22:57:54","slug":"financial-exploiters","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/04\/21\/financial-exploiters\/","title":{"rendered":"FINANCIAL EXPLOITERS"},"content":{"rendered":"

ALI SUKHANVER<\/em><\/span><\/h2>\n\n\n

CPEC\nhas become a pain in the neck of the forces hostile to Pakistan. They know it\nvery well that CPEC is a life-line of Pakistan and after completion this\nproject is going to give Pakistan a new economic boost. This project would\ncertainly liberate Pakistan from the economic exploitation of the institutions\nlike IMF which are simply like tools in the hands of US. Recently it was\nreported in media that IMF is pressuring Pakistan to either slow down work on\nthe CPEC or come out of it. Coming out of the CPEC or slowing it down means spoiling\nChina’s wonderful contribution to Pakistan\u2019s future. IMF has asked the\ngovernment to make the revenue target of Rs5400 billion for the next budgetary\nyear. Commenting on IMF\u2019s terms and conditions Dr. Ashfaque Hasan Khan, a\nrenowned economist said that GDP growth numbers worked out by the IFIs such as\n3.9 percent by the ADB, 3.4 percent by the World Bank and 2.7 percent by the\nIMF served nothing but to push Pakistan to the Fund on strict terms.  He said by these figures one can easily make\nit out, on the one side, the Fund is predicting the lowest GDP growth, on the\nother side it is asking for 40 percent growth in revenue. The contradictions\nclearly show the world powers are blackmailing Pakistan with IMF bailout\npackage. In short the international hostile forces are pushing Pakistan to an\nalley of economic exploitation.<\/p>\n\n\n\n

Another\nexample of economic exploitation of the counties like Pakistan is the Grey List\nprepared by FATF. The abbreviation FATF stands for Financial Action Task Force.\nSince 2000, the FATF is issuing a black list consisting of the names of the\ncountries which it judges to be non-cooperative in the global fight against\nmoney laundering and terrorist financing. Such countries are given the name of\nNon-Cooperative Countries or Territories. In short FATF\u2019s grey list includes\ncountries that are not doing enough to fight money laundering and terrorist\nfinancing. This list keeps on changing with the passage of time and the names\nof those countries are struck off which take serious action in the light of\nguidelines provided by FATF. Pakistan\u2019s name had been in the grey-list for\nthree years, i.e., from 2012 to 2015. Later on, the Task Force recognized\nPakistan\u2019s efforts and removed its name from the grey list in 2015. Unfortunately\nin spite of Pakistan\u2019s all successful efforts against the money-launderers and\nterrorist financers, once again Pakistan\u2019s name was included in FATF\u2019s\ngrey-list. Experts say that this inclusion was a result of conspiracy of the\nforces hostile to Pakistan\u2019s progress, peace and prosperity. On top of the list\nof such countries were USA and India. These two countries spent a lot of\nresources on lobbying against Pakistan in shape of a well planned media war. By\ndefaming and blaming the religious parties and their leaders; by fixing and\nframing sometimes Hafiz Saeed and sometimes Molana Masood Azhar, these\ncountries did all their best to achieve their objective and ultimately\nsucceeded in dragging back Pakistan\u2019s name in FATF\u2019s grey list somewhere in mid\nof June 2018. But Pakistan did not lose heart and kept on bringing the things\nback into the order desired by FATF. The Khaleej Times has recently reported\nthat Pakistan is going to be excluded from  \nFATF\u2019s grey list by September 2019. <\/p>\n\n\n\n

Now\nit is in the news that FATF team is satisfied with Pakistan\u2019s overall efforts\nand action plan to fight the menace of money laundering and terror-financing.\nCertainly the present government of Pakistan is doing all its best for the\nfinancial stability of the country by keeping a strict eye on all those who are\nproviding a chance to the forces hostile to defame Pakistan by getting involved\nin financial malpractices.  The\ndetermination of our government in this matter is really admirably commendable.\nIf Pakistan\u2019s name is excluded from the grey-list, it would save Pakistan from\nan annual loss of approximately $10 billion. To keep the country safe from the\n\u2018grey-list conspiracy\u2019 in future the government of Pakistan has tightened the\nsecurity along Pak-Afghan and Pak-Iran borders and certainly the Line of\nControl is also being observed and guarded very strictly as international\nwatch-dogs consider these routs as the \u2018 key routes\u2019 for money laundering and\nterror-financing. It is really a hard luck for Pakistan that its neighbouring\ncountries never miss a chance of joining hands with the forces hostile to Pakistan\nbut in spite of all these facts we the Pakistanis have a lot of courage to face\nand defeat all such conspiracies.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALI SUKHANVER CPEC has become a pain in the neck of the forces hostile to Pakistan. They know it very well that CPEC is a life-line of Pakistan and after completion this project is going to give Pakistan a new economic boost. This project would certainly liberate Pakistan from the economic exploitation of the institutions […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[],"class_list":["post-87375","post","type-post","status-publish","format-standard","hentry","category-ali-sukhanver"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/87375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=87375"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/87375\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=87375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=87375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=87375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}