Paris: Pakistan has escaped from the ‘Black list’ of the global terror watchdog, the Financial Action Task Force (FATF), till February 2020 to puts its house in order or warned that it would be blacklisted.
The Paris-based FATF took the decision after its five-day plenary, which concluded in the French capital. However, the country was severely indicted for failing to deliver on most of its 27 targets and not putting a stop to terror financing.
The FATF said, ”We strongly urge Pakistan to swiftly complete its full action plan by February 2020 otherwise should significant and sustainable progress not be made across the full range of its action plan by next Plenary, the FATF will take action including urging members to advise their financial institutions to give special attention to business relations/transactions with Pakistan.”
If Pakistan continues to remain in the FATF grey list, it would become very difficult for the Imran Khan government to get financial aid from global money lenders, including the International Monetary Fund (IMF) and World Bank making the condition worse for its sinking economy.
