The global terror watch dog Financial Action Task Force has said Pakistan will continue in its "grey list" as there are "serious deficiencies" in checking terror financing and the country lacks an effective system to deal with it. The global body against money laundering and terror financing said Pakistan will continue to remain on increased monitoring list. The FATF said that the deadline given to Pakistan has already expired and asked Islamabad to address their concerns quickly. There is serious deficiency on the part of Pakistan in checking terror financing and the country is yet to demonstrate taking action against the UN designated terrorists and their associates, it added.