Terror Financing: Pakistan stays on ‘grey list’

The global terror financing watchdog, FATF, on Wednesday decided to keep Pakistan in the "Grey List" as it has failed to check flow of money to terror groups like the LeT and the JeM, officials said.

The decision was taken at the Financial Action Task Force's third and final plenary held virtually due to the COVID-19 pandemic.

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With Pakistan's continuation in the ''Grey List'', it will be difficult for the country to get financial aid from the IMF, World Bank, ADB and the European Union, thus further enhancing problems for the nation which is in a precarious financial situation.

If Pakistan fails to comply with the FATF directive by October, there is every possibility that the global body may put the country in the ''Black List'' along with North Korea and Iran.