On 26 February, the Paris-based Financial Action Task Force (FATF), a 39-country anti–money laundering and counter–terrorism financing watchdog, decided to yet again keep Pakistan on the ‘grey list’ for failing to complete the last three actions it had to take to be removed from the list.
US-Pakistan relations have always been difficult and became particularly prickly at the height of the war in neighbouring Afghanistan. Washington needs to rebuild the trust if it doesn’t want to see Pakistan drift completely into Beijing’s orbit.