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Pulwama attack: How a Paris blacklisting may destroy Pakistan economically

If India succeeds in getting Pakistan blacklisted at FATF, Islamabad would have to depend more on its all-weather friends like Saudi Arabia to tide over an impending economic catastrophe

Pulwama terror attack
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Army personnel patrol a street during a curfew, imposed after clashes between two communities over the protest against the Pulwama terror attack, in Jammu, Saturday, Feb. 16, 2019.

Sai Manish
The week-long deliberations of the Paris headquartered Financial Action Task Force (FATF) began on Sunday. And India, for its part, is set to present a dossier on how the Pakistani state is supporting Jaish-e-Mohammad, the terror group believed to be behind the suicide bombing in Pulwama.

At present, Pakistan finds itself in the category of monitored jurisdictions, where it was placed by FATF in 2018. India will be hoping its dossier will convince FATF to now place Pakistan in the category of high-risk and non-cooperative jurisdictions, along with North Korea and Iran. Some of the other 10 countries along with