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Pakistan Wants China’s Help to Skirt Terror-Financing Blacklist

  • Country seen missing targets in task force’s October review
  • Move to blacklist could trigger balance of payments crisis

Pakistan is looking to China and two other developing nations for support in avoiding tough financial sanctions, amid signs it is running out of time to meet global anti-money laundering and counter-terrorism financing standards, according to people familiar with the matter.

The government in Islamabad expects it will fail to comply with enough of the 27 action items set by the Paris-based Financial Action Task Force before a final review in October, the people said, asking for anonymity because of the sensitivity of the discussions.