The motion to put Pak on the grey list was jointly moved by the US and three key powers of Europe: the UK, France and Germany.Pakistan had earlier been pulled up by members of EU Parliament for its failure to control terrorism emanating from its soil. The issue of crossborder terror will figure prominently when French President meets the Indian PM here on March 10.The EU is Pakistan’s most important trading partner, European Commission figures show. This puts the EU in a strong negotiating position. According to Indian officials, FATF’s decision to put Pakistan on the grey list came after much deliberations. Realpolitik came into play on the morning of February 23, with Beijing refusing to support Islamabad.

Source: Economic Times March 04, 2018 17:37 UTC