(Representational photo)Pakistan found itself on the watchlist of the global terror financing watchdog on Friday evening after a dramatic volte face by two of its three principal backers. In 2015, it was taken off the grey list, after the FATF was satisfied that it had done enough to counter terror financing. This motion was passed on Thursday — and Pakistan is now required to submit an Action Plan to FATF in May. Once the FATF approves the Action Plan in June, it will make a formal announcement about placing Pakistan on the grey list. But Asif’s premature announcement came a cropper when US officials negotiated with China and Saudi Arabia behind the scenes, bringing the two countries around to its view on Pakistan’s terror financing.

Source: Indian Express February 24, 2018 23:12 UTC