The international financial watchdog has given Pakistan a grace period. It might be its last chance to prove its seriousness to implement FATF recommendations. It has to uplift its efforts to get clean of the terror financing charges against it. In other case, it would have to face some severe consequences. The previous efforts by Pakistan show its willingness and eagerness to escape the list. One should hope for the best. It has three months to accelerate its efforts. Hence, the actual test starts now.
India has been working hard to blacklist Pakistan in Financial Action Task Force, an international watchdog working against international money laundering and terror financing lately. However, turning a blind eye entirely in the involvement of 44 Indian banks and financial institutions in the terror financing activities and money laundering revealed by the Buzzfeed news report. Due to the cordiality of relations with the US, it was also ignored by the international community, being used as a balancer against China in the region. Indian officials have repeatedly accepted the fact that they finance terrorism to counter (alleged) terrorism.