ISLAMABAD, Pakistan—Saudi Arabia has backed down under pressure from the U.S. and allowed Pakistan to be placed on an international terror-financing watch list, officials from countries involved in the decision said Friday, dealing a blow to the country’s struggling economy. The Financial Action Task Force’s decision to put Pakistan on a list of countries with lax controls over terror financing and money laundering is part of a push by the Trump administration to punish Islamabad over what it sees as inaction against terrorists...

Source: Wall Street Journal February 23, 2018 15:51 UTC