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International relations

Pakistan to stay on terror financing watchdog's 'gray list'

FATF raised hopes that its removal would follow an upcoming visit to Islamabad

A Pakistan watches news channel flashing news regarding FATF decision, at a market in Karachi, Pakistan, Friday, June 17, 2022. An international watchdog said Friday it will keep Pakistan on a so-called "gray list" of countries that do not take full measures to combat money-laundering and terror financing but raised hopes that its removal would follow an upcoming visit to the country to determine its progress.    © AP

ISLAMABAD (AP) -- An international watchdog said Friday it will keep Pakistan on a so-called "gray list" of countries that do not take full measures to combat money laundering and terror financing but raised hopes that its removal would follow an upcoming visit to Islamabad to determine its progress.

The announcement by Marcus Pleyer, the president of the Financial Action Task Force, was a blow to Pakistan's newly elected government, which believes that it has mostly complied with the organization's tasks.

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