PAKISTAN'S NARROW ESCAPE

*BEING PLACED on the grey list would disrupt the inflow of money from abroad, frustrate and turn away potential investors and lead to terrible financial isolation*...............

THE US LED-EFFORT to place Pakistan on a grey-list of countries that do not comply with terrorist - funding regulations has been temporarily defeated -

At a meeting of the *Financial Action Task Force* in Paris, and Pakistan granted a three month reprieve after the US could not garner enough support for its motion to pass.

Pakistan's Foreign Minister considered and portrayed this as a major diplomatic victory.

And it is certainly true that any kind of success on the international stage is rare for Pakistan.

But this is far from clear vindication for Pakistan.

We will have to demonstrate over the next three months that we are taking affirmative measures to cut funding for militant groups.

The interim stay given by the FATF may have been spurred by the recent presidential ordinance banning all groups who are on UN Security Council list of terrorist groups.

[The News]