“Failure to exit from the FATF grey list is a risk to the recently approved $6 billion IMF deal,” said Daban while speaking at an event according to Express Tribune
“The IMF is responsible for the financial system stability and the FATF-related issues impede taxation and undermine banking system,” said the country head of the IMF. She said that the greylisting also undermines capital inflows in addition to affecting the private sector.
The IMF estimated Pakistan’s gross external financing needs during the three-year programme period at $81 billion. Of this, it has projected private sector inflows at $28 billion or around 34% of the projected needs. But Express Tribune quoting Daban recognised the hard work that Pakistan was putting to exit from the FATF grey list.Read More…
