The shade of grey: On FATF’s mandated tasks

Last week, the Financial Action Task Force decided to retain Pakistan on its greylist. This means Pkaistan will now confront international strictures on its markets and on its ability of procuring loans until the next FATF plenary. Other than Turkey no country including traditional backers of Pakistan like China, Malaysia and Saudi Arabia pushed for Pakistan to be let off from the greylist. 


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