1 / 12Pakistan is currently on the FATF's gray list. Because it promotes terrorism and not going it's reformed.2 / 12Pakistan has once again suffered a major setback and despite several attempts, it has once again been placed on the Financial Action Task Force's gray list.3 / 12Not only that, but this time Pakistan's allies Turkey has also been hit. The FATF has placed Turkey on a 'gray list' for failing to curb money laundering and terrorist financing.4 / 12In addition to Turkey, Jordan and Mali have also been included in the gray list, while Botswana and Mauritius have been excluded from the list.5 / 12Pakistan and Turkey are facing a financial crisis at the same time as the FATF's decision. Turkey's currency has depreciated and inflation has risen sharply.6 / 12 Pakistan is also facing an economic crisis. Even in such a scenario, no one is willing to lend to Pakistan. Earlier, in FATF meetings, Turkey had backed Pakistan to remove it from the gray list.7 / 12The FATF convened a three-day meeting to discuss key issues in the fight against money laundering and financial aid to terrorists.8 / 12Pakistan is consistently on the gray list. The Pakistani government has failed to meet four of the 34-point anti-terrorism agenda. Pakistan has not taken any concrete action against the terrorists banned by the United Nations. 9 / 12The FATF had tasked Pakistan with completing 34 action plans to stop financing terrorism, but Pakistan has not yet done so. It also includes action against Masood Azhar, who was declared a terrorist by the United Nations.10 / 12The Financial Action Task Force (FATF) is an international monitoring body established in 1989 by the G7 countries in Paris, France. Its mission is to monitor and assist in the financing of money laundering and international terrorism.11 / 12Pakistan's inclusion in the FATF's gray list is sure to have an adverse effect on its economic situation. It will also find it difficult to get financial assistance from the International Monetary Fund (IMF), the World Bank, and the European Union.12 / 12Financial aid to Pakistan from other countries may also stop. Because no country wants to invest in an economically unstable country.