<span style="color: #222222;">The United States Acting Assistant Secretary of State for South and Central Asia Alice Wells yesterday said that failing to meet the obligations of the Financial Action Task Force, FATF will have a devastating impact on Pakistan's economic reforms programme.<br />'' <br />'' Wells was responding to a media question in Washington whether the funding by the International Monetary Fund could get affected if Pakistan does not meet the FATF regulations or the rules.<br />'' <br />'' These comments came a day after Pakistan Foreign Minister Shah Mahmood Qureshi said the country should be taken off the FATF's Grey list as it has made considerable progress on the requirements of the international terror financing watchdog.<br />'' <br />''<br />''The FATF, in October last year, decided to keep Pakistan on its Grey List for failure to curb funneling of funds to terror groups Lashkar-e-Taiba, Jaish-e-Mohammad and others. If not removed off the list by April, Pakistan may move to a blacklist of countries that face severe economic sanctions, such as Iran. </span><br />