Pak's flip-flop on terror financing: Complete action plan by May 2019, FATF slams Pakistan

Financial Action Task Force the international financial watchdog in effect warned Pakistan to stick to the deadlines and not miss them again - as they have this time.

Published: 22nd February 2019 04:22 PM  |   Last Updated: 22nd February 2019 06:30 PM   |  A+A-

Imran Khan

Pakistan Prime Minister Imran Khan (File Photo | AP)

By Online Desk

PARIS: In yet another set back to Pakistan and its beleaguered Imran Khan-led regime vis-a-vis its flip-flop on terror financing, the anti-money global body Financial Action Task Force (FATF) on Friday said it will continue to keep Islamabad in the 'grey list'.

This move is also seen as a minor win for India's efforts as post-Pulwama, Indian agencies submitted dossiers to the FATF urging it that Pakistan should not given any relief.

The FATF held its plenary sitting from February 17 and the deliberations completed on Friday.

In a statement, the FATF said: "Due to the limited progress on action plan item due in January 2019, the FATF urges Pakistan to swiftly complete its action plan, particularly those with the timeliness of May 2019".

The international financial watchdog in effect warned Pakistan to stick to the deadlines and not miss them again - as they have this time.

READ | China downplays UNSC reference on Jaish, says UNSC statement not a judgement

The FATF list matters vis-a-vis terror funding will be reviewed again in June and October later this year.

Sources say India is keen to push for inclusion of Pakistan in the FATF 'black list' like Iran and North Korea.

The blacklisting of Pakistan could only add to the economic woes for the cash-strapped nation which is faced with balance of payment crisis.

Indian government sources say the FATF can 'blacklist' Pakistan if convinced of its role in the Pulwama attack and its complicity in terror funding.

Actions from FATF may lead to "downgrading" of Pakistan by global lenders such as IMF, World Bank, Asian Development Bank and European Union.

In a desperate move on Thursday, Pakistan Prime Minister Imran Khan on Thursday 'reinstated' ban on Hafeez Saeed-led Jama'at-ud-Da'wah (JuD).

The JuD is a front organisation of the Lashkar-e-Toiba terror group which had carried out the 2008 Mumbai terror attack in which 166 people were killed.

The Pakistan government has also decided to ban JuD's charity wing Falah-e-Insaniat Foundation (FIF).

(With inputs from UNI)

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Prash

    so they will wait till the election gets over in India and indeed will prepare a plan of action post election results. Dont know why people think every are stupid
    3 months ago reply
flipboard facebook twitter whatsapp