Pakistan’s Foreign Minister Khawaja Asif. Pakistan’s Foreign Minister Khawaja Asif. As reported by The Indian Express on February 13, the proposal to ‘grey list’ Pakistan was co-sponsored by the US, UK, France and Germany in the 37-member body. If Pakistan would have been placed on the ‘grey list’, the cost of doing business in the country would have increased manifold, besides drying up the foreign investment. Pakistan had earlier been on the FATF ‘grey list’ from 2012 to 2015, following a detailed assessment by APG in 2010 and lack of follow-up action by Islamabad to curb terror financing.

Source: Indian Express February 21, 2018 19:21 UTC