Image Source: Agencies

May 23, 2025: Following the terror assault in Pahalgam on April 22, which claimed the lives of 26 civilians, tensions between India and Pakistan have increased.
At the upcoming review, India hopes to see Pakistan added back to the Financial Action Taskforce's grey list.
Leading Indian officials stated on Friday that the FATF's own review is certain to find validity in the case in addition to the Indian dossier on Pakistan-sponsored terrorism supporting Pakistan's gray listing.
Subject to pledges and guarantees that it would pass legislation to combat financial crimes and stop money laundering for a variety of illicit uses, Pakistan was taken off the FATF grey list in 2022.
That law is still pending. There will therefore be a list of commissions as well as a list of Pakistan's omissions. Given that the promised law has not materialized, the FATF is likely to identify a reason for Pakistan's readmission to the grey list. The Indian dossier will not include this. Naturally, we will strongly advocate for Pakistan to be placed on the gray list.
Following the Pahalgam terror assault on April 22 that claimed the lives of 26 Indians, India's participation in the FATF would be a continuation of its involvement with multilateral institutions.
Given the timing of the review following the Pahalgam incident, India further urged all members of the IMF to oppose the inclusion of a Pakistan project agenda.
However, the IMF members approved the loan even though India "tried its best to query."
"The timing of the IMF conference to consider the loan to Pakistan seemed dubious, but we are not opposed to development assistance to any nation. We made every effort to prevent it," according to reliable sources.
Furthermore, it has been learned that IMF chief Kristalina Georgieva was reminded by Finance Minister Nirmala Sitharaman to postpone the meeting by citing IMF data demonstrating how Pakistan's arms spending has skyrocketed after each IMF loan sanction.
With eleven restrictions, the IMF has approved Pakistan's project-specific grants totaling more than $1 billion USD.