The Financial Action Task Force (FATF) on Friday retained Pakistan on its 'grey list' for failing to check money laundering, leading to terror financing, and asked Islamabad to investigate and prosecute senior leaders and commanders of United Nations-designated terror groups, including Hafiz Saeed and Masood Azhar.
The mandates which Pakistan has failed include action against all United Nations-designated terrorists like Jaish-e-Mohammed chief Azhar, Lashker-e-Tayiba founder Hafiz Saeed and the outfit's operational commander Zakiur Rehman Lakhvi.
The Paris-based global watchdog for curbing terror financing and money laundering will hold its virtual plenary session from October 21 to 23. It will review Pakistan's progress on the 27-point action plan.
The global agency said there are "serious deficiencies" on the part of the country in checking terror-financing and it lacks an effective system to deal with it.
The world wants to halt climate change, but do it without affecting economic growth and consumption. This fundamental contradiction is the key theme at Davos 2020.
Pakistan has improved its full compliance on only two of the 40 FATF recommendations, the APG report noted.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
Pakistan failed to fulfil six of the 27 mandates so far as a result of which the country continues to be in the grey list of the FATF.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
Wolfgang Schauble has done right by the Euro zone, but the Greeks believe that doesn't necessarily mean he has done right by them.
The poll of over 30 economists, taken in the past week, showed Asia's third largest economy will expand 7.8 percent in the fiscal year ending March 2017.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
The result of the opinion polls would allow the government to move ahead quickly to reach a deal with creditors
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
'An isolationist US and a disintegrating European Union will create a power vacuum that only China is in a position to fill -- a conclusion that is uncomfortable but unavoidable,' says Nitin Desai.
Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.
The markets stayed on edge last week due to the endless saga of Greece's problems.
The price of gold in India seems to have bottomed out.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Athens bowed to demands to phase out tax breaks for its islands.
The proposals appeared so far apart that success seemed higly unlikely
Will Greece manage to pay euro 1.5 billion to IMF?
Tough conditions imposed by global lenders could cause an outcry.
Brexit will likely put brakes on the UK's growth prospects.
Non-resident Indians (NRIs) are very positive about India
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
The new Cabinet member says growth cannot come unless all sectors of the economy -- agriculture, manufacturing and services -- expand.
The vote leaves Greece in uncharted waters: risking a banking collapse that could force it out of the euro.
11th-hour debt restructuring programme offered no concessions to creditors
Biden said that 100 days since he took the oath of office on January 20 and inherited the worst pandemic in a century and the worst economic crisis in a decade, America is on the move again, turning peril into possibility, crisis into opportunity and setback into strength.
Positive cues from Asian peers also uplifted the sentiment.
The legislation passed with 230 votes in the 300-seat chamber.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
Neither India nor China will be badly affected by Grexit.
The situation in Greece worsened with banks closed for a 2nd week.
Unless there is a sharp uptick in oil prices, Fed may push back rate hike
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