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Caretaker finance minister Shamshad Akhtar

FATF decision: Pakistan placed on ‘grey list’

PARIS: The Financial Action Task Force (FATF) placed Pakistan's name on 'grey list' during FATF Plenary in Paris on Wednesday, this announcement was made late on Wednesday night. According to financial watchdog, it is observed Pakistan had failed to control terror financing on its land. Furthermore, United States, Britain, Germany and France voted in favor of placing Pakistan on grey list during FATF meeting while Pakistan’s closest allies Turkey, China and Saudi Arabia also backed them. The meeting in Paris was…