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Pakistan navigating risks of terrorist financing watchlist

Hafiz Saeed speaking before a crowd
Hafiz Saeed, co-founder of the Pakistani terror group Lashker-e-Taiba. Photo: Arif Ali / AFP / Getty Images

The Financial Action Task Force (FATF) passed a motion last week to return Pakistan to its watchlist for nations that have not done enough to tackle terrorist financing. Pakistan will formally be added to this “grey list” in June.

Why it matters: FATF’s decision is not a purely symbolic move. It has real and problematic consequences for Pakistan's economy and foreign relations.