"A September FATF report showed that Pakistan remains highly deficient on terrorist financing concerns. For example, while Pakistan has introduced some new regulations, it completely lacks enforcement procedures.

"Islamabad has no interest in confronting the patronage relationships that sustain dozens of jihadist groups across its territory. Pakistani Prime Minister Imran Khan offers rhetorical fastballs, but innocent Pakistani Muslims pay dearest for his failings," said political expert Tom Rogan in his opinion published in Washington Examiner.

"Were Pakistan to be removed from the graylist, terrorists the world over would celebrate," he said.

Decision on Pakistan's fate in the list will be determined soon.

"The findings are hugely important to Pakistan in that the FATF wields significant influence over how international banking institutions approach nations with terrorist financing concerns. Where nations are blacklisted by the FATF, or, as is the present case with Pakistan, greylisted, they suffer impediment to smooth capital flows, foreign investment complications, and generally higher banking fees. Pakistan is pushing hard for the FATF to ratify that it has met benchmarks and should be removed from the graylist," Rogan said.

"The Biden administration must exert all necessary pressure on the FATF and U.S. allies within the organization to ensure that this does not happen. The facts demand that Pakistan remain on the graylist," he said.