Pakistan's entry into terror grey list could snap its global banking links


The prospect of Pakistan being placed back on a global terrorist financing watchlist could endanger its handful of remaining banking links to the outside world, causing real financial pain to the economy just as a general election looms.

Washington and its European allies have co-sponsored a motion calling for the nuclear-armed nation to be placed on a "grey list" of countries deemed to be doing too little to comply with anti-terrorist financing and anti-money laundering regulations, with a decision expected next week when.

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