Current Affairs - Persons - Discussion

The placement on the grey list could hurt Pakistan's economy as well as its international standing. The announcement comes a day after Pakistan submitted a comprehensive 26-point action plan to the FATF (Financial Action Task Force) to choke the funding of militants groups, including Mumbai attacks mastermind Hafiz Saeed-led JuD and its affiliates, to avoid being blacklisted by it. The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.