Paris: Spelling bad news for Pakistan, the international body, Financial Action Task Force (FATF), has decided to retain the Islamic nation on its grey list. FATF monitors money laundering and terror funding on an international scale. Grey listing of Pakistan means that the country will find itself hard to seek financial help from countries and international organizations.
The FATF took the decision in its week long plenary session in Paris. The international organization would have dropped the Pakistan from its grey list had Islamabad satisfied the stipulations set by the FATF. However, the country failed to rein in terrorism on its soil.
A silver lining for Pakistan is that the FATF did not put the nation on the black list, in which case the country would be completely cut off from foreign funding. At a time when Pakistan is struggling to survive financially, the decision of FATF has come as a hard blow.
India has all along said that Pakistan is the epicenter of terror activities and many terror outfits like the Lashkar-e-Taiba, Jaish-e-Mohammad, etc are supported actively by Pakistani government and its military.