Pakistan has been given a three-month reprieve by a global watchdog over a U.S.-led motion to put the South Asian country on a terrorist financing watchlist, Pakistan’s Foreign Minister Khawaja Asif said late on Tuesday.

Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations by the Financial Action Task Force (FATF), a measure that officials fear could hurt its economy.
FATF member states have been meeting this week in Paris, where it was expected that they would decide on a U.S. motion, backed by Britain, France and Germany, to have Pakistan added to the so-called “grey list” of countries which are not doing enough to comply with terrorist-funding regulations.
Asif, who is currently on a visit to Russia, tweeted late on Tuesday that Pakistan’s “efforts have paid (off)” during a Feb. 20 meeting on the U.S.-led motion, suggesting there was “no consensus for nominating Pakistan”.
He also suggested the meeting proposed a “three months pause” and asked for the Asia Pacific Group, which is part of FATF, to consider “another report in June”.

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