FATF retains Pakistan on grey list till June 2020.

PARIS -- The Financial Action Task Force (FATF) on Friday announced that it was retaining Pakistan on the 'grey list' till June, giving it another four months to fully comply with the goals.

The global terror-financing and money-laundering watchdog made it clear that it hoped Pakistan would completely achieve all the targets by the next plenary meeting in June 2020, when it would analyse the country's compliance on its recommendations.

Pakistan, the Paris-based body noted, has made satisfactory progress on the action plan and has complied with nine additional goals. It said it acknowledged Islamabad's top-level resolve to adhere to the targets.

Most of the FATF's member states voted in favour of keeping the country on the grey list for now and monitor progress on the new targets in the June plenary meeting.

Pakistan vowed to achieve the remaining targets and has set up a strategy in this regard, it added.

Decisions on Iceland and Mangolia were also announced.

Earlier, the global watchdog held a five-day meeting to review Pakistan's progress towards the implementation of its 27-point action plan. In the ongoing session in the French capital, more than 200 delegates were present.

It was reported that as per the FATF, Pakistan was actively implementing the action plan. It had found Pakistan 'fully compliant' on 14 of the 27 action plan points, showing gradual progress to comply with all of its conditions.

On Thursday, following deliberations during the February plenary meeting, it was reported that Pakistan would likely avoid being blacklisted.

Pakistan, in this regard, had obtained the approval of three major influential FATF member countries - Malaysia, Turkey, and China - that voted in favour of...