With Pakistan getting placed on the grey list by the Financial Action Task Force (FATF) for failing to curb terror financing, the all weather friend China today declined to comment on development.

China was undeterred and further heaped customary praise on its close ally Pakistan.

The country added that the world community needs to recognise enormous efforts and sacrifices made by Islamabad to combat terrorism.

It was recently that Pakistan was placed on grey list and the development was pretty much expected.

This was done even when Islamabad submitting a 26-point action plan and launched a concerted diplomatic effort to avert the decision.

Chinese Foreign Ministry said Pakistan’s effort in counter-terrorism has not only won recognition from China but many other countries around the world.

The placement of Pakistan on the grey list of the FATF could hurt Pakistan’s economy as well as its international standing.

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.>