Pakistan will remain in FATF's ''grey'' list till February 2021 as it has failed to fulfil six key obligations of the global money laundering and terrorist financing watchdog that include failure to take action against two of India's most wanted terrorists - Maulana Masood Azhar and Hafiz Saeed, officials said on Friday

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Pakistan is yet to conclude 13 out 27 items of its FATF action plan. The country's progress on the same would be assessed in the next FATF plenary meet slated for October 2020

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The FATF noted that Pakistan addressed only 14 of 27 action items given to it for controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e-Mohammad, responsible for series of attacks in India

The anti-terrorism court, or ATC, in Lahore found Hafiz Saeed guilty of \"being part of a banned terrorist outfit\" and possessing illegal property

Acting Assistant Secretary of State for South and Central Asia Alice Wells said they have been pleased to see progress by Pakistan towards fulfilling FATF obligations

Pakistan was placed on the Grey List by the FATF in June last year and was given a plan of action to complete it by October 2019, or face the risk of being placed on the black list with Iran and North Korea

The Paris-based task force will take the final decision on Pakistan's position in February 2020.

The compliance report at the FATF meeting will be presented by Pakistan economic affairs minister Hammad Azhar.