Saturday, 17 May 2025, 10:55:32 am


 
Inclusion into grey list of FATF had been one of the major sources of strain on Pakistan’s economy

Dr. Tauseef Zaman (Economist): Inclusion into grey list of FATF had been one of the major sources of strain on Pakistan’s economy which created a lot of challenges for the country. Due to this nuisance created by our enemy, it cost us decline in foreign direct investment, dwindling foreign exchange reserves and a nerve raking experience for businesses in Pakistan. The banking sector also faced a stress as it had to operate under a lot of restrictions. Finally, due to our diplomatic lobbying efforts and various measures required to fulfill the FATF conditions, we are successfully out of this list. It will have an impact on flight of dollars from Pakistan and the price of rupee will appreciate vs. dollar. It will also open the door to foreign investments into the country. Prime minister rightly said it was the national endeavour and all the stakeholders played their role. It will also help bringing stability in the system with improvement in financial well-being of the country.