New Delhi: India along with other nations has expressed their unease to International Monetary Fund (IMF) to give another financial assistance to Pakistan.
According to the opposing countries Pakistan is already in the ‘grey-list’ of Financial Action Task Force (FATF) for its serious failure to crack down on terror funding.
India’s warning and hint of IMF funds being at risk came ahead of next month's peer review of Pakistan at FATF. The FATF is an intergovernmental association formed in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing.
Pakistan is seeking an urgent financial aid of $8-12 billion to fetch itself from economic crisis. Pakistan is already in debt of 18 billion and it will be 22nd loan from IMF.