Washington last week persuaded member states of the Financial Action Task Force (FATF) to place Pakistan back on the “grey list” of nations with inadequate terrorist financing or money laundering controls. He told Reuters that Washington did not seem genuinely eager to see Pakistan boost its terrorist financing regulations and was instead bent on humiliating the country. Pakistan hopes to be removed from the grey list in six to 12 months from June, when it will be officially placed on the watch list, Ismail added. “Little Hiccup”Despite rising growth on the back of improving security and China’s vast infrastructure investment, Pakistan’s economy has come under renewed stress during the past year. But he urged foreign investors to look past the negative headlines, and pointed out that Pakistan’s economy grew even during the period the country was last on the watch list.

Source: Mint February 26, 2018 15:33 UTC