Global watchdog puts Pakistan back on terrorist financing watchlist

ISLAMABAD: In a setback for Pakistan, a global money-laundering watchdog has placed the country on its terrorist financing watchlist, as per reports. The decision is likely to impact Pakistan's economy and its already strained relations with the United States.

The move comes days after reports that Pakistan had been given a three-month reprieve before being placed on the list. It seems to be a part of a broader US strategy to pressure Pakistan to cut alleged links to Islamist terrorists waging chaos in neighbouring Afghanistan.

US has spent the past week



lobbying member countries of the Financial Action Task Force (FATF) to place Pakistan on the so-called "grey list" of nations that are not doing enough to combat terrorism financing. An official statement was expected later on Friday.

This is not the first time that Pakistan is featuring on the list. It was previously on the list for three years until 2015. Earlier this week China, Turkey, and the Gulf Cooperation Council (GCC) had been opposing the US-led move against Pakistan but both China and the GCC reportedly dropped their opposition by Thursday night.