Target the place it hurts: India desires Pakistan again on FATF ‘grey list’; to oppose World Bank loans – OXBIG NEWS NETWORK-OxBig News Network

India is seeking to block Pakistan’s supply of funds in its struggle towards the neighbouring nation’s state-sponsored terrorism. After opposing the IMF’s bailout bundle for Pakistan, India is now planning to contest the upcoming World Bank loans to Pakistan as effectively.Additionally, India plans to induce the Financial Action Task Force (FATF), a world monetary crime monitoring physique, to reinstate Pakistan on its “gray listing”, based on a senior authorities official quoted by Reiters,Pakistan’s removing from the FATF gray listing in 2022 had enhanced its standing with monetary establishments – a vital issue for its struggling economic system.A number of weeks in the past, the IMF had granted the bailout bundle to Pakistan, citing its improved financial situations. India had abstained from voting on the International Monetary Fund’s Executive Board assembly, expressing severe considerations about IMF bailout packages for Pakistan.Also Read | ‘Met targets’: IMF defends $1bn bailout package to Pakistan despite India’s pushbackIndia had highlighted Pakistan’s historical past as a long-term IMF borrower with poor compliance relating to programme situations. The substantial monetary help has led to Pakistan amassing vital debt, successfully making it a ‘too huge to fail debtor’ for the IMF, India stated.India had raised doubts in regards to the efficacy of IMF’s help to Pakistan, citing its poor monitor document. India additionally raised considerations in regards to the potential use of debt financing assets to help cross-border terrorism by means of state mechanisms.IMF has justified its bailout bundle help to Pakistan saying that the nation had met all important standards to qualify for its most up-to-date mortgage disbursement.Meanwhile, Prime Minister Narendra Modi has delivered a resolute message following the India-Pakistan ceasefire.. “India’s stand could be very clear… Terror and talks can not go collectively… Terror and commerce can not go collectively…. Water and blood can not circulation collectively,” PM Modi has stated.Also Read | All trade routes closed for Pakistan: India scrutinising imports from UAE, Iran & other Gulf countries to spot Pakistani goodsFollowing the Pahalgam terror assault and earlier than Operation Sindoor, India carried out varied financial and strategic sanctions towards Pakistan, designed to impression its already weakened economic system.These measures, starting from the suspension of the Indus Waters Treaty to complete restrictions on direct and oblique commerce relations, proceed to stay energetic.