The Financial Action Task Force (FATF) has removed Pakistan from its Grey List.
As per news reports, the decision was taken by the FATF hybrid plenary meeting which met in Berlin and was the final one under the two-year Germany Presidency of Marcus Pleyer.
Though a formal announcement has not been made yet and is expected to be made later in the day, sources, as quoted by Tribune, said Pakistan was found in compliance with all the 34 aspects it was asked to improve upon.
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Pakistan had been on the FATF grey list continuously since June 2018.
The removal will enable Pakistan to access loans at cheaper interest rates as well as lower the risk of investing in the country.
