A research published by Tabadlab, an independent think-thank has revealed that Pakistan has sustained $38 billion economic losses due to the Financial Action Task Force’s (FATF) decision to thrice placed the country on its grey list since 2008.
As per the report of Express Tribune, the findings of ‘Bearing the cost of global politics -the impact of FATF grey-listing on Pakistan’s economy’ by Dr Naafey Sardar come after the decision of FATF to keep Pakistan on the grey list.
The FATF may retain Islamabad on the list of a handful of countries, whose anti-money laundering and terror financing laws are not fully compliant with global standards, said the research.
The research paper, published by Tabadlab — an Islamabad-based think tank — stated that grey-listing events spanning from 2008 to 2019, may have resulted in cumulative GDP losses worth $38 billion.
