Pakistan Economy: News & Discussion

Covfefe

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The fresh round of talks between Pakistan and the International Monetary Fund for the release of USD 1 billion loan tranche and a good economic certificate to the nation has remained inconclusive, a media report said on Sunday.

The talks held from October 4 to 15 failed to reach a staff-level agreement because of differences over the macroeconomic framework and uncertainty over the future of Pakistan's economy, The Express Tribune reported.
 

Abdus Salem killed

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ezsasa

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Bomb blast outside Hafeez saeed's house right before the previous FATF meeting has had its intended effect.
FATF asks pak to take action on UN designated terrorists.
does anyone know where to find these 40 recommendation points paki are being rated on?

these recommendations in the link below look like the ones RBI gives to banks, wondering what exactly are they stuck on?

FATF doesn't prevent terrorism, it's about tracing the money used for terrorism.

Screenshot 2021-10-21 at 10.54.20 PM.png


 

Covfefe

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does anyone know where to find these 40 recommendation points paki are being rated on?

these recommendations in the link below look like the ones RBI gives to banks, wondering what exactly are they stuck on?

FATF doesn't prevent terrorism, it's about tracing the money used for terrorism.

View attachment 115562


This document contains the list of all 40 recommendations published by the FATF back in 2004. Pretty broad based in nature demanding intervention from the Govt, Central Bank, Financial intermediaries and the legal justice system. Pretty easy to swoop in anyone they want, given how generic its stated.
 

ezsasa

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This document contains the list of all 40 recommendations published by the FATF back in 2004. Pretty broad based in nature demanding intervention from the Govt, Central Bank, Financial intermediaries and the legal justice system. Pretty easy to swoop in anyone they want, given how generic its stated.
So basically paki are still on this list because of these two points

Screenshot 2021-10-21 at 11.19.23 PM.png
 

Covfefe

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So basically paki are still on this list because of these two points

View attachment 115563
Yes, this was stated in their media statements the last time as well. FATF wanted actual prosecution of those involved in such cases to which the Pakis replied that their legal system works independently and the Govt cannot ensure any convictions or an assured action within a timeframe. Obvious is the fact that they don't dare to take any solid legal action against the likes of Saeed and other terror banjos their Army is feeding.
 

Tshering22

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Saudi Arabia supports Pakistan economy with $ 3bn deposit
The Saudi Fund for Development (SFD) has announced the issuance of a Royal Directive to deposit $3 billion into the State Bank of Pakistan to help the Pakistani government support its foreign currency reserves and help it in facing the impacts of the coronavirus pandemic.

The SFD added that, in addition, a royal directive was issued to finance the oil derivatives trade with a total amount of $1.2 billion throughout the year, said a Saudi Press Agency report.

It pointed out that these royal directives confirm Saudi Arabia's ongoing stance in supporting the economy of Pakistan.

I wonder what they are getting in return...
 

Tshering22

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Canadian businessmen invited to invest in Pakistan

KARACHI: Patron-in-chief of the United Business Group (UBG) and former CEO of the Trade Development Authority of Pakistan (TDAP) S M Muneer has invited the Canadian businessmen to invest in Pakistan and to promote bilateral trade, a statement said on Wednesday.

Addressing the dinner hosted for him by Amir Shamsi, chairman of the Universal Group of Companies, Canada, Muneer said that bilateral trade with Canada could be strengthened by increasing exports.

Member of the provincial parliament Khalid Rasheed said, “We will work to expand trade relations between Pakistan and Canada.”

“Just as Amir Shamsi has held trade fairs in Toronto in the past, we want more trade fairs to be held in the future so that the people of both countries engage in bilateral trade,” he added.
 

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