Pakistan Could Face Economic Pain on Account of FATF

Pakistan could face economic pain from return to terrorist...

ISLAMABAD/WASHINGTON/HONG KONG (Reuters) - The prospect of Pakistan being placed back on a global terrorist financing watchlist could endanger its handful of remaining banking links to the outside world, causing real financial pain to the economy just as a general election looms. Washington and its European allies have co-sponsored a motion calling for the nuclear-armed nation to be placed on a "gray list" of countries deemed to be doing too little to comply with anti-terrorist financing and anti-money laundering regulations, with a decision expected next week when member states of the Financial Action Task Force (FATF) meet in Paris.