After the Bagalkot terror attack, a war situation has emerged between India and Pakistan. Reports suggest that India has initiated aggressive measures to cause further economic devastation to terrorist Pakistan. Here is a news collection about what those measures are.
After the brutal Mumbai attack in 2008, the Bagalkot terror attack has claimed the most civilian lives.
Following the Pakistan terror attack, India immediately suspended the Indus Water Sharing Treaty and closed the Attari border.
It severed diplomatic relations. It expelled Pakistani people in the country. It stopped trade relations. It banned Pakistan from using its airspace and sea routes. Pakistan stopped postal services.
With Prime Minister Modi giving full freedom to the three armed forces, Pakistan is in deep fear of when India will retaliate. In this situation, reports are coming out that India is considering two major measures against Pakistan economically as well.
First, re-listing Pakistan on the grey list of the Financial Action Task Force. Continuing to blacklist Pakistan; The second is to block the financing of the country by the International Monetary Fund.
The Financial Action Task Force (FATF) is a body established by the G7 countries in 1989. Its primary objective is to combat money laundering and terrorist financing.
The FATF sets international standards and best practices for anti-money laundering (AML) and counter-terrorism financing (CTF) policies and regulations. More than 200 countries worldwide have implemented these practices.
Countries that commit the crimes of financial fraud and terrorist financing will first be placed on the grey list. Countries that continue to violate the rules even after being on the grey list will be placed on the black list.
Pakistan, which was on the grey list from 2012 to 2015, was again placed on the grey list in 2018 for the crime of harboring terrorists.
It was due to FATF pressure that Pakistan took action against those involved in the Mumbai terror attacks, including Lashkar-e-Taiba chief Hafiz Saeed. After that, Pakistan was removed from the FATF’s grey list. At that time, India insisted on putting Pakistan on the black list.
Now, after the Bagalkot terror attack, India is putting strong pressure on FATF to put Pakistan on the black list.
Meanwhile, India has also started taking steps to block the $7 billion aid that the International Monetary Fund has agreed to provide to Pakistan.
Last March, Pakistan assured the IMF team that it would sell Pakistan International Airlines by this July when it visited Pakistan to review its loan program.
The Pakistani government has also promised to sell seven companies, including Zarai Taraqiati Bank Limited, First Women Bank Limited and the country’s only home loan company, House Building Finance Company Limited, and three power distribution companies in Faisalabad, Islamabad and Gujranwala.
In this context, India has been accusing Pakistan of using the funds it borrows from the International Monetary Fund to finance terrorism.
In this context, Pakistan’s Army Minister Khawaja Asif has admitted in a television interview that it has been creating, supporting, training and financing terrorist organizations for more than 30 years.
Pointing out this open confession at the UN, India has insisted that the world can no longer turn a blind eye.
India is said to be pressuring Pakistan to be added to the blacklist. If that happens, inflation will get out of control and the value of the Pakistani rupee will fall. Pakistan will run out of foreign reserves. The country’s economy will be completely destroyed. Agreements with other countries, including Iran, will end. No financial institution will sign agreements with Pakistan.
Pakistan will be a desert in total. This is what Prime Minister Modi has said, saying that there will be a response that no one can imagine.
