Pakistan is already in the grey list and has time till October to avoid being blacklisted, technically referred to as countries under ‘high-risk and other monitored jurisdiction'. The decision to keep Pakistan in the 'grey list' was taken at the end of week-long meetings by the Financial Action Task Force (FATF) in Paris on Friday. After the Pulwama terror attack, India had reportedly made a strong case in front of the FATF against Pakistan's non-compliance in curbing terror funding and pressed the watchdog to keep its neighbouring nation on a terrorism financing watch list. Iran and North Korea are currently blacklisted. Jaish-e-Mohammad, a proscribed terror outfit that has claimed responsibility for the terror attack, operates out of Pakistan.

Pakistan is already in the grey list and has time till October to avoid being blacklisted, technically referred to as countries under ‘high-risk and other monitored jurisdiction'. The decision to keep Pakistan in the 'grey list' was taken at the end of week-long meetings by the Financial Action Task Force (FATF) in Paris on Friday. After the Pulwama terror attack, India had reportedly made a strong case in front of the FATF against Pakistan's non-compliance in curbing terror funding and pressed the watchdog to keep its neighbouring nation on a terrorism financing watch list. Iran and North Korea are currently blacklisted. Jaish-e-Mohammad, a proscribed terror outfit that has claimed responsibility for the terror attack, operates out of Pakistan.