Pakistan and FATF Blacklist consequences
[image: What does FATF do and how can it affect Pakistan?]
ISLAMABAD - FATF was established in 1989 and is an intergovernmental body seeking to combat terror financing, money laundering, etc.
Being blacklisted by FATF hurts a country's economy the worst. A blacklisted country fails to procure funds from international forums. Naturally, Pakistan which is struggling with its economy can't afford a demotion.
In February, FATF agreed to keep Pakistan on its greylist but served a warning.
Giving a 27-point list, the body asked the country to comply by it by October, underlining that its progress would decide the future course of action.
FATF is scheduled to meet in Paris for a review, and the report added that so 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, led by PM Imran Khan link, has been able to locate five of the 100+ UN-designated terrorists flourishing on its soil. They have only managed to arrest link Hafiz Saeed, the founder of Lashkar-e-Taiba.