Jan Man: FATF meeting decides to put Pakistan on a grey list for terror financing, says sources

The Financial Action Task Force (FATF) has taken a decision to put Pakistan on a grey list for terror financing, according to the sources.

The motion brought forth by the United States (US) was backed by the countries like the United Kingdom (UK), France">France, and India.

The insiders revealed that Pakistan's traditional friend China withdrew its objections in putting Islamabad on the grey list.

The move will make it difficult for international financial institutions and banks to do business in Pakistan and it will also make it difficult for Pakistani businesses to raise money overseas.

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