Featured To comply with FATF conditions, Pakistan needs to amend foreign exchange laws within three months

[Gripen9]

We have been on the grey list for so long, that companies actually don't care that much. They know the grey list is just a political tool of USA. Companies care about profits not politics. Even on Grey list we got lot of FDI coming in, aside from China.

I work for one of these online companies with global presence. This is the main stumbling block that is presented.

 

[Aspen]

It matters a lot. Your integration with global financial institutions are hindered.
It is one of the biggest stumbling for FDI. Paypal, Amazon et al won't enter Pakistan market because of this.

Who gives a f***, none of these companies are interested in coming to Pakistan anyway.

 

[Syed1.]

Who gives a f***, none of these companies are interested in coming to Pakistan anyway.

Ok what if these won't, but there are thousands of other American/European/Arab/Asian companies who would want to step up shop and capture untapped market of 5th largest nation.


One example when China Mobile entered under the brand-name of Zong we already had local players ruling the market, Jazz, Ufone, Warid etc. What happened was they brought better network and cheaper packages and aggressive marketing now they are the largest player in the market (iirc) and earning billions


Countries like Qatar are sitting on mountains of cash which they want to invest to earn a profit. Qatar's expertise is in massive construction projects. In each large city if we designate a certain tract of land for construction of sky scrappers, with zero red tape and good returns these Qataris would come running in.


To unlock all of this we have to get out of the FATF

 

[FenrirX]

Well its more of a deterrent than an actual threat, once they go with it Pakistan will be set loose and then what?? And of course it will play in the hands of powers hostile towards the US and will still sustain itself economically with their cooperation, that's not what they wanna go with for sure. And if they do just look at this...

https://tradingeconomics.com/pakistan/foreign-direct-investment#:~:text=Foreign Direct Investment in Pakistan averaged 162.51 USD Million from,Million in October of 2018.

 

[hamilcar of carthage]

It matters a lot. Your integration with global financial institutions are hindered.
It is one of the biggest stumbling for FDI. Paypal, Amazon et al won't enter Pakistan market because of this.

From the western block. Paypal and Amazon never came. You must be living in a fool's paradise. I always thought it was a good institution, but it's just a useless organization. Even if it takes action, we will move through to the eastern block completely. I think Pakistan will get some respite, dropping the dollar would be easy. Markets such as Russia and Iran would open. You have an alternative, just that economic planning is inconsistent.

 

[Protest_again]

From the western block. Paypal and Amazon never came. You must be living in a fool's paradise. I always thought it was a good institution, but it's just a useless organization. Even if it takes action, we will move through to the eastern block completely. I think Pakistan will get some respite, dropping the dollar would be easy. Markets such as Russia and Iran would open. You have an alternative, just that economic planning is inconsistent.

If anyone think Iran or Russia could match up with western economies, he is living in fools paradise. Hopefully Pakistan economic planners are not this stupid.

Chinese are investing not out of brotherly love but for the money you would give back by trading with US and other western countries ie., in dollars. That is why all your CPEC projects are dollar denominated investment.

Only Pakistanis believe in camps and free meal. Rest of the world doesn't work like that.

 

[hamilcar of carthage]

If anyone think Iran or Russia could match up western economies, he is living in fools paradise. Hopefully Pakistan economic planners are not this stupid.

Chinese are investing not out of brotherly love but for the money you would give back by trading with US and other western countries ie., in dollars. That is why all your CPEC projects are dollar denominated investment.

Only Pakistanis believe in camps and free meal. Rest of the world doesn't work like that.

Pakistan will always sell to Europe and furthermore, strategic relations never deteriorate. It's now the Chinese game, long gone are the days when Europe looked to the US. Now they will trade even if Pakistan is in the FATF blacklist. Welcome to the new world order, just wait a few years and everything will change. The development we got from the Chinese is unrivaled in our history.

 

[Dalit]

What happened to the promise of US companies visiting Pakistan soon? LOL Alice Wells stood on a stage and boldly claimed that US companies were going to visit Pakistan in 2020 LMAO

American promises LOL

 

[HalfMoon]

What happened to the promise of US companies visiting Pakistan soon? LOL Alice Wells stood on a stage and boldly claimed that US companies were going to visit Pakistan in 2020 LMAO

American promises LOL

Biggest Economic power of the world is China and they are investing in Pakistan. Pakistan does not need investments from anyone else. All these countries can take a hike.

 

[Dalit]

Biggest Economic power of the world is China and they are investing in Pakistan. Pakistan does not need investments from anyone else. All these countries can take a hike.

Absolutely. I am just highlighting American promises.

Now they are pleading to Pakistan to abandon CPEC LOL Go figure.

 

[Blacklight]

@Jungibaaz Brother what are the consequences of ua staying in the grey list, or being moved to the black list?

 

[Enigma SIG]

Lol. I have been hearing of CPEC since 2013 on PDF and was informed of the stupendous progress it is going to bring to Pakistan from 2024 onwards. There was a talk of exceeding Indian GDP in the beginning.Lol. But since 2013, India as an economy went from 6 times yours to 11 times yours in 2020. I can wait another 4 years and then you can really show us the growth.

Pakistan ki itni tension na le heart attack hojae ga.

What happened to the promise of US companies visiting Pakistan soon? LOL Alice Wells stood on a stage and boldly claimed that US companies were going to visit Pakistan in 2020 LMAO

American promises LOL

Alice wells is an old hag just reading scripted notes. US doesn't care about Pakistan. They want to counter China and will use India to that effect, even if it means colonizing India (again).

 

[HalfMoon]

@Jungibaaz Brother what are the consequences of ua staying in the grey list, or being moved to the black list?

Next to nothing. Most of the Pakistan's economy is not regulated. All these sanctions will not work and China will keep investing in Pakistan. Just ignore this FATF nonsense.

 

[NewStudent]

Well it does matter to Pakistan. The reasons are:

1. All international trade happens through banking channels. In normal cases, any exporter or importer does a bank transaction and it proceeds smoothly, however, in case of blacklisting, a normal transaction will take months as each transaction will be monitored by international organizations, which otherwise would have completed in 3 or 4 days. One can imagine, given such a situation who will trade with Pakistani traders.

2. Secondly, Pakistan heavily relies on foreign remittances, such remittances will be scurtinized very strictly, resulting in similar delays.

Paypal and amazon like companies are of not that siginificance, given Pakistan economic structure, their presence or absence wont dent Pakistan's economy, however, one must realize the above two points, especially the first one.

 

[HalfMoon]

Well it does matter to Pakistan. The reasons are:

1. All international trade happens through banking channels. In normal cases, any exporter or importer does a bank transaction and it proceeds smoothly, however, in case of blacklisting, a normal transaction will take months as each transaction will be monitored by international organizations, which otherwise would have completed in 3 or 4 days. One can imagine, given such a situation who will trade with Pakistani traders.

2. Secondly, Pakistan heavily relies on foreign remittances, such remittances will be scurtinized very strictly, resulting in similar delays.

Paypal and amazon like companies are of not that siginificance, given Pakistan economic structure, their presence or absence wont dent Pakistan's economy, however, one must realize the above two points, especially the first one.

Pakistan does not need swift. China has created its own banking channel which Pakistan would be using.