Pakistan will continue to be on the 'grey list' of the FATF as it needs to "further demonstrate" that action is being taken against UN-designated terrorists like India's most wanted Hafiz Saeed and Masood Azhar, and groups led by them, the global body against terror financing said.

Addressing a press conference, Financial Action Task Force (FATF) president Marcus Pleyer said the decision has been taken at the conclusion of the virtual plenary of the organisation.