Pakistan has confirmed that it would be placed on the terror financing grey list from June. The Financial Action Task Force had decided that Pakistan would be kept under watch for terror financing from June 2018 onwards.
Foreign Office spokesman Mohammad Faisal told a weekly news briefing in Islamabad that the financial watchdog had decided to place Pakistan on its "grey list" during a plenary meeting in Paris last week.
"Pakistan will be placed on the grey list in June, but there is currently no chance of placement on the blacklist," Faisal said. He, however, added that an action plan to eradicate terror financing was being prepared and would soon be shared with the FATF.
The FATF has asked Pakistan to take additional steps to curb money laundering and terror financing and the country will cooperate with the watchdog in every possible way.