Pakistan has been placed on the Grey List of the Financial Action Task Force. This will have a huge impact on its financial system and black economy.
Sanjay Kapoor is the Editor of the Delhi-based Hardnews Magazine, which is the South Asian partner of French Publication, Le Monde Diplomatique.
Sanjay follows South and West Asia closely. He has authored a book on corruption and is a regular commentator on Indian and foreign TV channels.