FATF to put Pakistan on terror financing list

Must Read

Genocide is the only option in Balochistan – Pakistani Minister declares

A Pakistani minister in Balochistan, who is de-jure head of security apparatus in the region, has declared that genocide...

Aslam Baloch — The Baloch General – TBP Special report

For seventy years, through ups and downs, successes and failures, with rapid and slow pace, the Balochistan’s...

State’s deadly weapon, Shafiq Mengal – The Balochistan Post report

Strings of suicide bombing in Sindh's Shikarpur city and firing incident on BSO azad's rally in Khuzdar got connected...

The Financial Action Task Force (FATF) has taken a decision to put Pakistan on a grey list for terror financing, according to the sources.

The motion brought forth by the United States (US) was backed by the countries like the United Kingdom (UK), France, and India.

The insiders revealed that Pakistan’s traditional friend China withdrew its objections in putting Islamabad on the grey list.

The move will make it difficult for international financial institutions and banks to do business in Pakistan and it will also make it difficult for Pakistani businesses to raise money overseas.

Pakistan, earlier this week, claimed that it has been granted a three-month reprieve to be placed on a terror-financing watch-list.

Pakistan Foreign Minister Khawaja Asif tweeted on Tuesday, “Our efforts paid, FATF Paris 20 Feb meeting conclusion on the US-led motion to put Pakistan on the watch list. No consensus for nominating Pakistan, proposing three months pause and asking APG [Asia Pacific Group] for another report to be concluded in June”.

Asif was in Moscow when he posted on Twitter.

Paris-based FATF, also known by its French name Groupe d’action financiere, is an intergovernmental organisation founded in 1989 to develop policies to combat money laundering.

SourceANI

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Quetta: Traders Protest Against Security Forces’ Raids; Shops Closed

In Quetta, the capital of Balochistan, local traders shuttered their shops in a widespread protest on Tuesday....

Balochistan: Three Dead, One Wounded in Firing Incidents

Three individuals, including a woman, lost their lives, while another sustained injuries in separate firing incidents in Quetta and Kech districts of...

Turbat: Chief Minister Bugti Advocates for Dialogue During Visit; Addresses Missing Persons’ Issue

During a one-day visit to Turbat, Chief Minister of Balochistan Sarfaraz Bugti met with National Party Chairman Dr. Malik Baloch to offer...

Security Forces Launch Military Operation in Nushki Amidst Rising Tensions

The Balochistan Post has learned from reliable sources that the Pakistani security forces have initiated a significant military operation in the district...

Mutilated Body Found in Balochistan’s Turbat

A mutilated body was discovered in the Chogan Kand area of Turbat, Balochistan. Local police took custody of the...