FATF’s grey listing cost Pakistan nearly $38 billion

According to a research paper published by an think-tank, Tabadlab, Pakistan has lost $38 billion in economic growth as a result of the FATF putting the country on its grey list three times since 2008. Pakistan may remain on the FATF list of countries whose anti-money laundering and anti-terror financing laws do not fully comply with international standards.

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Moreover, Pakistan needs to make progress on at least three of the six remaining action points. Finance Ministry said, however, that nothing can be said until the global watchdog makes its formal announcement.

Source: Tabadlab