An economy which is heavily financed through borrowings is most likely to get affected by its placement
ISLAMABAD: Adviser to the prime minister on finance Miftah Ismail has made a baseless claim of Pakistan’s economy remaining least effected by getting placed on the grey list of the Financial Action Task Force. The move has come in the backdrop of Pakistan’s strained relations with not just the US but European countries too that are Pakistan’s trading partners and major donors to international money-lending bodies. With that, the minister’s claim sounds hollow.
An economy which is heavily financed through borrowings is most likely to get affected by its placement on the grey list. The adviser needs to get his facts right.
Fariha Aman
Published in The Express Tribune, March 3rd, 2018.
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