The Impressive TimesNew Delhi : Asaduddin Owaisi, leader of the All India Majlis-e-Ittehadul Muslimeen (AIMIM), has urged the international community to reconsider Pakistan’s status on the Financial Action Task Force (FATF) grey list. Speaking during an all-party delegation visit led by Baijayant Panda, Owaisi raised concerns that Pakistan might misuse the recently sanctioned $2 billion loan from the International Monetary Fund (IMF) to fund its military ambitions and support terror groups.
Owaisi emphasized the need to closely monitor Pakistan’s financial transactions, given its history of using foreign aid and loans to bolster militant activities. “Pakistan’s repeated acts of terror and cross-border aggression cannot be overlooked,” he said. “There is a real risk that the IMF funds could indirectly strengthen Pakistan’s military apparatus and terror networks if stringent checks are not in place.”
The Financial Action Task Force, an inter-governmental body that combats money laundering and terrorist financing, had placed Pakistan on the grey list several years ago due to its inadequate measures to curb financing for terrorism. Pakistan was later removed after submitting commitments to improve its regulatory framework. However, critics like Owaisi believe the country continues to exploit loopholes to fund destabilizing activities in the region.
During the delegation’s visit to Kuwait, Owaisi’s comments also highlighted the broader geopolitical concerns surrounding Pakistan’s financial transparency. He stated, “Pakistan must be held accountable for its actions, and financial institutions must ensure that aid does not end up fueling terror and conflict.”
The all-party delegation led by Baijayant Panda is engaging with international stakeholders to present India’s firm stance against terrorism and seek global cooperation to counter such threats. Owaisi’s strong remarks reflect India’s persistent efforts to isolate Pakistan diplomatically and economically due to its alleged support for terrorist organizations.
The $2 billion IMF loan to Pakistan has sparked debate among experts and policymakers worldwide. While Pakistan views the loan as vital for its struggling economy, opponents fear the funds might be diverted from development projects to military expenditure.
No Comments: