Sources: Pakistan to be put on terrorist financing watchlist

Islamabad, Feb 23 The Financial Action Task Force (FATF) has taken a choice to put Pakistan on a watchlist for terror financing, as indicated by the sources.

The motion brought forth by the United States (US) was backed by the nations like the United Kingdom (UK), France, and India.

The insiders uncovered that Pakistan's customary companion China pulled back its protests in putting Islamabad on the grey list.

The move will make it difficult for international financial institutions and banks to do business in Pakistan and it will also make it difficult for Pakistani businesses to raise money overseas.

Pakistan, recently, claimed that it has been allowed a three-month respite to be placed on a terror-financing watch-list.

Pakistan Foreign Minister Khawaja Asif tweeted on Tuesday, "Our endeavors paid, FATF Paris 20 Feb meeting conclusion on the US-drove movement to put Pakistan on the watch list. No accord for designating Pakistan, proposing three months pause and asking APG [Asia Pacific Group] for another answer to be finished up in June".

Asif was in Moscow when he posted on Twitter.

Paris-based FATF, also known by its French name Groupe d'action financiere, is an intergovernmental organisation founded in 1989 to create strategies to combat money laundering.