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Pak-SCO Connectivity to promote all-round development--China Economic Net
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China-Iran Strategic Partnership Agreement and New Regional Order
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Statehood to Kashmir shouldn t just come for a dialogue with Pakistan India must ask more
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On 26 February, the Paris-based Financial Action Task Force (FATF), a 39-country anti–money laundering and counter–terrorism financing watchdog, decided to yet again keep Pakistan on the ‘grey list’ for failing to complete the last three actions it had to take to be removed from the list.
This decision will have repercussions on US–Pakistan relations.
While the FATF president, Marcus Pleyer, noted that, since the last FATF meeting in October, Islamabad had made ‘significant progress’ in addressing the last three of the 27 action items assigned to it in June 2018, he stressed that there remained ‘serious deficiencies in mechanisms to plug terrorism financing’.
Pakistan still has a chance to put its ailing economy back on track. What it needs to do is to develop a more developed industry to lay solid ground for its economic takeoff.
To achieve the goals, China Pakistan Economic Corridor can serve as a base given that Pakistan fully utilizes its potential.
China Pakistan Economic Corridor (CPEC) provides the industrial sector of Pakistan with an opportunity to modernize and become more efficient and competitive. The various energy projects, coupled with improvements in infrastructure and road networks, would help address some of the key constraints to growth. More importantly, the development of Special Economic Zones (SEZs) would enable industries to smooth supply chains, enhance collaboration and innovation capabilities, and help reap significant economies of scale.