Avoids blacklisting, remains in grey: Pakistan gets 123 days FATF breather

The FATF has kept Pakistan in the grey list for an extended period up to Feb’20 and warned that Islamabad will be put on the blacklist if it does not comply with the remaining 22 out of 27 points. The FATF plenary meeting was held at Paris from 13th-18th Oct’19. Pakistan managed to escape falling into the blacklist despite hectic efforts by New Delhi due to the diplomatic support secured by Islamabad from China, Turkey, Malaysia, GCC and Saudi Arabia. Although, Pakistan had asked for an extension up to Jun’20 for fully complying with all the conditions, Islamabad possesses only 45 to 60 days to implement the remaining 22 points of action plan, as the FATF found Islamabad compliant on only five points out of a total of 27.