Pakistan has invited Saudi Arabia to join $50 billion China-Pakistan Economic Corridor (CPEC) as the 3rd strategic partner. A formal invitation was made in this regard after Pakistan PM Imran Khan visited Saudi Arabia during his 1st foreign trip after getting elected.
Recently India’s decades long effort to get the full membership of the 2nd largest intergovernmental group – the Organisation of Islamic Cooperation (OIC) got the huge boost when it attended the OIC’s 46th session of council of foreign ministers meeting at Abu Dhabi as a guest of honour on the invitation by the host country – United Arab Emirates (UAE).It has to be noted that, India has never been invited to the OIC before and the latest development comes at a time when the India-Pakistan tension is running high, is being seen as a diplomatic success.
In a recent development, the Turkish government condemned the Naxal attack in Chhattisgarh in which 22 Indian security personnel were killed. While this is not the first time that Turkey has shown solidarity with India concerning domestic issues, it is interesting to note such a reaction from Turkey at a time when the relationship between both countries is not on good terms. For the last few years, the relationship between these nations has been turning sour on various grounds and both are trying to revitalise the relationship as Turkey has a major role to play in the Afghan peace process which has ramifications for India as well.
India-Pakistan relations remained strained due to the issue of the Jammu and Kashmir region. The recent Pakistani decision to hold elections in the region has brought the region again in the news. The area and its importance with respect to Pakistan and China is the topic of discussion in this article.
The Financial Action Task Force (FATF), the global watchdog that combats money laundering and terrorist financing, had grey listed Pakistan in June 2018 for not cutting down the finances of terrorist groups within its soil. Greylisting puts Pakistan under international scrutiny to prove its compliance with FATF norms. Notably, the greylisting move was initiated by the US.
Even with greylisting measures, Pulwama terror attack happened in February 2019 = FATF (with India’s lobbying) threatens Pakistan that it will be moved to the blacklist due to its failure to comply with the action plan which was due May 2019. Blacklisting could virtually cut all financial flows to Pakistan.
This big-picture article explains the following in an analytical manner with a mindmap for quick revision.
- What is the Financial Action Task Force (FATF)?
- How FATF works?
- What is the grey list and blacklist?
- What is the issue with Pakistan?
- Why the US initiated the move?
- What are the implications of placing Pakistan on FATF watchlist?
- Has Pakistan changed with external Pressures?
- Why has Pakistan failed to comply with or curtail terror funding?
- What is the way forward?