Pakistan suffers losses worth $38b due to FATF grey listing

Business Desk :
At a time when Pakistan’s progress on countering terror-financing and money laundering is being scrutinised at the Plenary meeting of the global watchdog Financial Action Task Force (FATF), a report has highlighted that Pakistan has suffered losses worth billions due to being placed in the FATF’s grey list thrice since 2008.
The findings were shared in a research paper published by an independent think tank named Tabadlab, titled “Bearing the cost of global politics – the impact of FATF grey-listing on Pakistan’s economy”, reports The Statesman.
The research paper revealed that “grey listing event spanned from 2008 to 2019, which may have been one of the reasons why the country’s cumulative GDP losses towered up to at least $38 billion”.