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.
Director, Pakistan Initiative
South Asia Center, Atlantic Council
CEO, Global Financial Institutions
Habib Bank AG Zurich
Clyde & Co.
Ali Farid Khwaja
Business & Economic Journalist
SouthAsiaSource Apr 14, 2022
Back to the future in Pakistan?
By Shuja Nawaz
The populist Prime Minister of Pakistan Imran Khan, who promised a “Naya (New) Pakistan” Pakistan, has been removed from office by a vote of no confidence in parliament, the first ever in Pakistan’s fraught political history.
Experts react Apr 12, 2022
Experts react: A new leader emerges from Pakistan’s political turmoil. Now what?
By Atlantic Council experts
We reached out to several Pakistan-based experts for their thoughts on new Prime Minister Shehbaz Sharif and what comes next in the pivotal South Asian nation.
The South Asia Center serves as the Atlantic Council’s focal point for work on the region as well as relations between these countries, neighboring regions, Europe, and the United States.