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Cash-strapped Pakistan has suffered a massive loss of $38 billion due to its grey-listing by the Paris-based Financial Action Task Force (FATF), a research paper has found. The findings of the paper ‘Bearing the cost of global politics - the impact of FATF grey-listing on Pakistan’s economy’ comes amid FATF's recent decision to keep Pakistan on its grey list following a review of its action plan items to curb financing.

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