[image: What does FATF do and how can it affect Pakistan?]
ISLAMABAD – FATF was established in 1989 and is an intergovernmental bodyseeking to combat terror financing, money laundering, etc.
Being blacklisted by FATF hurts a country’s economy the worst. Ablacklisted country fails to procure funds from international forums.Naturally, Pakistan which is struggling with its economy can’t afford ademotion.
In February, FATF agreed to keep Pakistan on its greylist but served awarning.
Giving a 27-point list, the body asked the country to comply by it byOctober, underlining that its progress would decide the future course ofaction.
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FATF is scheduled to meet in Paris for a review, and the report added thatso far it isn’t impressed with Pakistan.
Apparently, Pakistan has worked on only six points
Till now, Pakistan has worked on only six points. In fact, the government, ledby PM Imran Khan link, has been ableto locate five of the 100+ UN-designated terrorists flourishing on itssoil. They have only managed to arrestlink Hafiz Saeed, the founder of Lashkar-e-Taiba.
