ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
International relations

Terror-financing grey listing costs Pakistan billions annually

FAFT to keep South Asian economy's status despite 'significant progress'

FATF is keeping Pakistan on its grey list until further progress is made in eliminating terrorism funding. (Nikkei montage/Reuters)

KARACHI -- The Financial Action Task Force (FATF), an inter-governmental, anti-money laundering watchdog, is keeping Pakistan on its grey list, and experts say this is a major encumbrance on the country's struggling economy.

FATF announced last week that Pakistan would retain its grey status until June when it will be reviewed at an extraordinary plenary session.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more