Pakistan promises to expedite steps to curb terror financing

ISLAMABAD (AP) — Pakistan’s interior minister says the Islamic nation will expedite steps to curb terror financing and money laundering a day after the country avoided ending up on a terror watch list by a global task force.

Ahsan Iqbal in Saturday’s remarks said Pakistan’s performance in the war on terror was better than others, but the country still faced pressure from Washington.

Pakistan on Friday escaped a motion to put it on a ‘grey list’ by the Financial Action Task Force, which met in Paris. The U.S. and Britain had jointly submitted a letter to the FATF, nominating it for placement on watch list.

Pakistan was on a list from 2012-2015 and feared a return would deter foreign investment and hurt access to international financial markets.

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