At U.S. Urging, Pakistan to Be Placed on Terrorism-Financing List – The New York Times

Michael Kugelman in The Print on the issue:

https://theprint.in/2018/02/26/now-headed-grey-list-pakistan-faces-real-economic-risks/

Pakistan’s economy is growing increasingly vulnerable. Last month, the credit ratings agency Fitch downgraded its outlook on Pakistan’s long term foreign and local currency issuer default ratings from stable to negative, citing declining foreign reserves and a widening fiscal deficit. Chinese loans associated with the China-Pakistan Economic Corridor are pouring into Pakistan, contributing to an increasing Pakistani debt burden. Investors and banks, already concerned about troubling Pakistani economic developments, will have all the more reason to be spooked about Pakistan being grey-listed.