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.
According to the Asia Pacific Group, regional body of FATF, Pakistan has successfully implemented 31 out of 40 FATF recommendations. In February 2021, Pakistan submitted its third progress report to the APG. Moreover, Pakistan has issued a number of sector-specific legislation, which provides more specific obligations for those sectors to assess and mitigate their risks.