Pakistan And FATF.

Pakistan has been in and out of the FATF grey list thrice since 2008, placing it on an increased monitoring list for terror financing, proceeds of crime and money laundering. Whatever the politics and intrigues of India etc. who were definitely involved, the fact remains that we as a state have failed to take effective steps to curb our alleged involvement in terror financing etc. Merely legislating laws, without the will to implement them has only eroded our credibility. The individuals involved may have benefitted, but Pakistan faces its worst economic crisis.

Since 1958 we have sought almost 22 IMF financial assistance programs, but have failed to raise our revenues through direct taxation on all sources of income and instead chosen to take repetitive...