Global terror financing watchdog, ---1---on Thursday retained Pakistan on its –2-- till June after concluding that Islamabad failed to address its strategically important deficiencies, to fully implement the 27 point action plan that the watchdog had drawn up for Pakistan.

The global watchdog had in October last year asked Pakistan, which has been on the –1--grey list over issues related to terror financing, to deliver on all 27 points by this February.

To date, Pakistan has made progress across all action plan items and has now largely addressed 24 of the 27 action items. As all action plan deadlines have expired, --1--strongly urges Pakistan to swiftly complete its full action plan before June 2021.

--1-- Said Pakistan should continue to work on implementing the three remaining items in its action plan to address its strategically important deficiencies, including "demonstrating effective implementation of targeted financial sanctions against all 1267 and 1373 designated terrorists, specifically those acting for or on their behalf.

Earlier, Dawn had reported that some European countries, especially the host France, had recommended to –1--to continue to keep Pakistan on the –1-- and had taken the position that not all points had been fully implemented by Islamabad.

Pakistan has been on the –2-- since June 2018 and the government was given a final warning in February 2020 to complete the 27 action points by June in the same year.

A research paper by an Islamabad-based think tank recently revealed that Pakistan sustained a total of USD 38 billion in economic losses due to –2-- decision to thrice place the country on its –2--since 2008.

The research paper titled "Bearing the cost of global politics -- the impact of –2-- on Pakistan's economy" states that that –2--events spanning from 2008 to 2019, may have resulted in total GDP losses worth USD 38 billion.