There and back again: A timeline of Pakistan's unfortunate 'grey listing' by FATF.

Pakistan's history with the Financial Action Task Force (FATF) - the international watchdog against money laundering and financing of terrorism - is a long and storied one.

It can be traced back to 2008 when the country was first placed on its increased monitoring list - the so-called "grey list" - for allegedly failing to take adequate measures to curb terror financing and money laundering.

When FATF places a jurisdiction under increased monitoring, it means the country has committed to resolving swiftly the identified strategic deficiencies within the agreed...