Abstract
Subject Pakistan's status with the Financial Action Task Force. Significance The intergovernmental Financial Action Task Force (FATF) said on October 18 it would keep Pakistan on its ‘grey list’ of jurisdictions with deficient measures against terrorist financing. Islamabad had been at risk of consignment to a blacklist, which would potentially expose it to measures such as economic sanctions. It now has until February 2020 to convince the FATF of compliance with an action plan to improve its safeguards. Meanwhile, Prime Minister Imran Khan’s government is attempting to spur an economic recovery, aided by a recent IMF bailout. Impacts Islamabad will try to secure further financial assistance from partners such as Beijing and Riyadh, hoping to ease macroeconomic pressures. Pakistan will show that it is arresting more terrorists, although the military will be reluctant to cut ties with useful militant proxies. The support that Malaysia and Turkey demonstrated for Pakistan at the FATF will expose them to trade pressure from India.
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