Islamabad: Pakistan will continue to stay on the “grey list” of the global terror financing watchdog till February next year as it failed to fulfil the 27 points according to Financial Action Task Force (FATF).
The FATF on Friday said, ” Pakistan has completed 21 out of 27 items. It means that the world has become safer but six deficiencies need to be repaired. We give them a chance to repair their progress and if not then a country will be pushed to the blacklist.”
This will be a tough phase for Pakistan as the country will be deprived of the financial aid form the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and the European Union.
The decision was taken at the end of the three-day virtual plenary of the FATF that was earlier scheduled in June.
Pakistan needs 12 votes out of 39 to move to the white list. However, the country is backed only by China, Turkey and Malaysia.