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Global Terror-Funding Watchdog Keeps Pakistan on 'Gray List'

Ayaz Gul

   ISLAMABAD - An international agency fighting illicit financing has
   urged Pakistan to deliver on its remaining commitments by February 2021
   to curb money laundering and funding sources to terrorist groups.

   The Financial Action Task Force (FATF) met Friday at its headquarters
   in Paris and reviewed Islamabad's progress under an internationally
   agreed upon action plan.

   "The plenary recognized that Pakistan has made progress. The government
   has now completed 21 of 27 items of its action plan," Marcus Pleyer,
   the FATF president, told a post-meeting online news
   conference.'¯"Pakistan remains on our increased monitoring list, the
   so-called gray list."

   The gray list comprises nations that have weak mechanisms to counter
   the financing of terrorism but agree to work with FATF to address their
   deficiencies.

   Pakistan was placed on the watch list in 2018, making foreign firms
   more cautious about investing in the South Asian nation, which is
   dealing with a struggling economy and a balance-of-payment crisis.

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