CURRENT AFFAIRS

Detailed explanation-1: -Pakistan is off the ‘grey list’ of the Financial Action Task Force (FATF) after four years, a development that has been welcomed across the country. What does that mean?

Detailed explanation-2: -Which neighbouring country of India has been removed from FATF Grey List? Notes: Financial Action Task Force (FATF) recently announced its decision to remove Pakistan from its Grey list.

Detailed explanation-3: -Pakistan is now off the “grey” list of the Financial Action Task Force (FATF) after four years of being on it. Islamabad can now try to get aid from the International Monetary Fund (IMF), the World Bank, the Asian Development Bank (ADB), and the European Union (EU) to boost its cash-strapped economy.

Detailed explanation-4: -The Financial Action Task Force has decided by consensus that Pakistan has completed all substantial, technical and procedural requirements of both 2018 and 2021 Action Plans.