Monday, 30th October 2017

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Pakistan terrorism list relief for four months

Pakistan has long been accused of nurturing and supporting Islamist militant groups

By Reuters in Paris
  • Published 22.02.20, 2:51 AM
  • Updated 22.02.20, 2:51 AM
  • a min read
  •  
Prime Minister of Pakistan Imran Khan addresses the Refugee Summit in Islamabad on Monday (AP)

Pakistan won an extra four months to meet international anti-terrorism financing norms on Friday when a global dirt money watchdog decided to keep the country off its blacklist for now.

After Pakistan missed multiple previous deadlines, the Financial Action Task Force said it was concerned that Islamabad had again failed to complete an internationally agreed action plan.

“The FATF strongly urges Pakistan to swiftly complete its full action plan by June 2020,” the FATF said in a statement issued after a meeting in Paris. “Otherwise, should significant and sustainable progress especially in prosecuting and penalising TF (terrorism financing) not be made by the next Plenary, the FATF will take action.”

It said such action could include calling on its member states to order their financial institutions to give particularly rigorous attention to business relations and transactions with Pakistani clients.

Pakistan has long been accused of nurturing and supporting Islamist militant groups for use as proxies to project power in the South Asian region particularly towards India and in Afghanistan. Islamabad denies such accusations.

But with a minimum of three votes by FATF members needed to avoid the organisation’s blacklist, Pakistan has been able to avoid punishment so far thanks to support from major ally China and other friendly countries including Malaysia and Turkey.