Pakistan to Be Placed Back on Terror-Financing List, Source Says

Pakistan will be placed back onto an international terrorism-financing watch list from June, according to a person with knowledge of the matter, a move that may hinder the country’s access to financial markets.

The move follows a push from the U.S., U.K., France and Germany to get Pakistan placed on the Financial Action Task Force’s “grey” monitoring list during a review meeting in Paris this week. China, which is financing more than $50 billion of infrastructure projects across Pakistan, removed its earlier objections to the move, said the person, who asked not to be identified as the discussions are private. Pakistan’s benchmark stock index reversed earlier gains and fell 0.6 percent at the close in Karachi.