Islamabad had been engaged in hectic lobbying in a last-ditch bid to influence the outcome in its favour. This year, Pakistan's all-weather ally China held the presidency of the FATF.
A Pakistani delegation led by Minister for Economic Affairs Hammad Azhar told the meeting that the country has made positive progress in 20 out of 27 points. The FATF expressed satisfaction on the measures taken by Pakistan and its progress in various areas.
The country was placed on the Grey List by the watchdog in June 2018 and was given 15 months to complete implementation of a 27-point action plan, failing which it be placed in the Black List.
"One of the biggest pressures that have come on Pakistan today is because of the proceedings of Financial Action Task Force (FATF), it has created so much pressure on them that probably no other action could have done," he said.
Sources reveal that a compliance report prepared by the Securities and Exchange Commission of Pakistan will be scrutinised in the presence of Pakistan's Minister for Economic Affairs Division, Hammad Azhar.
Khalil has been a strong supporter of Imran Khan and advocated for the latter's candidature as the Prime Minister of the country last year.
In June this year, the watchdog had issued a strong warning to Pakistan to curb terror financing by October or face consequences. It had said that the country could be blacklisted unless it fulfills an "action plan" against UN-designated terrorists operating on its soil by October, highly placed sources in the Indian diplomatic team had said.
Meanwhile, the Financial Action Task Force (FATF) has given a stern message to Pakistan to "swiftly" complete its action plan to curb terror financing by October or face consequences by getting itself blacklisted, which could pose problems to the country's already stagnant economy.
The CTD, which registered the cases in five cities of Punjab, had stated that JuD was involved in terror funding collected through charitable organisations including Al-Anfal Trust, Dawatul Irshad Trust, and Muaz Bin Jabal Trust.
Cases were registered under the Anti-Terrorism Act against five proscribed outfits in Lahore, Gujranwala, and Multan - Dawatul Irshad Trust, Moaz Bin Jabal Trust, Al Anfal Trust, Al Madina Foundation Trust, and Al Hamd Trust.