The Financial Action Task Force has decided to keep Pakistan on its grey list, with another review scheduled for June 2021. FATF President Dr Marcus Pleyer said the forum decided that Pakistan “needs to do more” on FATF requirements. He announced the decisions made at the three-day FATF meeting during a webinar. Pakistan’s stay on the grey list has cost it nearly $38 billion, according to a local thinktank, Tabadlab. The losses were driven by cuts in investment, exports, trade and spending. FATF put Pakistan on it grey list in 2008 only to be removed the same year. The country was again put on the list in 2012 and stayed there until 2015. FATF once again placed Pakistan on th
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