Pakistan has appeared on the FATF greylist multiple times since 2008, signaling the organization’s heightened scrutiny of money laundering and terrorism financing in the country. This greylist designation has had a significant impact on Pakistan’s economy, particularly its financial services industry. FATF concerns had also impacted the country’s IMF program: one of the conditions in the recent $6 billion bailout was the requirement that Pakistan comply with FATF guidelines.

After its most recent meeting from June 14-17, the Financial Action Task Force (FATF) has signaled it will likely remove Pakistan from its greylist. This removal is still conditional upon Pakistan passing an onsite visit in October of this year, which will determine the country’s compliance with FATF action plans. If Pakistan is to be removed from the greylist, however, it will significantly improve foreign direct investment and export levels. 

In light of these ongoing developments, the Atlantic Council’s Pakistan Initiative (as part of the South Asia Center) will hold a discussion on Thursday, July 7 at 8AM US ET/ 5PM PKT about the implications of these events and how they will shape the future of Pakistan.

Introductory remarks

Uzair Younus
Director, Pakistan Initiative
South Asia Center, Atlantic Council


Ali Sultan
CEO, Global Financial Institutions
Habib Bank AG Zurich

Taimur Malik
Clyde & Co.

Moderated by

Ali Farid Khwaja
KTrade Securities

Ariba Shahid
Business & Economic Journalist

The South Asia Center is the hub for the Atlantic Council’s analysis of the political, social, geographical, and cultural diversity of the region. ​At the intersection of South Asia and its geopolitics, SAC cultivates dialogue to shape policy and forge ties between the region and the global community.