Pakistan to stay on FATF's gray list until June

KARACHI, Pakistan 

The Financial Action Task Force (FATF), a global money-laundering watchdog, on Friday announced to keep Pakistan on its watch list until June this year. 

"FATF members agreed to maintain Pakistan’s status on FATF’s Compliance Document, normally referred as the Gray List," said a statement by the 36-nation watchdog.

The next review will take place in June, it added.

Recognizing Pakistan’s "significant progress" in the implementation of the 27-point Action Plan, which was demonstrated by the completion of nine additional action items, the statement said: “FATF reviewed progress made by Pakistan towards the implementation of the Action Plan. While