U.S. WANTS PAK ON TERRORFUNDING WATCH LIST

Hindustan Times ST (Jaipur) - - World -

The US has put for­ward a mo­tion to place Pak­istan on a global ter­ror­ist-fi­nanc­ing watch list with an anti-money laun­der­ing mon­i­tor­ing group, ac­cord­ing to a se­nior Pak­istani of­fi­cial.

Pak­istan has been scram­bling in re­cent months to avert be­ing added to a list of coun­tries deemed non-com­pli­ant with ter­ror­ist fi­nanc­ing reg­u­la­tions by the Fi­nan­cial Ac­tion Task Force (FATF), a mea­sure of­fi­cials fear could hurt its econ­omy.

The US has been threat­en­ing to get tough with Islamabad over its al­leged ties with Is­lamist mil­i­tants, and last month Pres­i­dent Don­ald Trump’s ad­min­is­tra­tion sus­pended aid worth about $2 bil­lion.

Islamabad, which de­nies as­sist­ing mil­i­tants in Afghanistan and In­dia, has re­acted an­grily to US threats of fur­ther puni­tive mea­sures.

A meet­ing of FATF mem­ber states is due to take place next week in Paris, where the or­gan­i­sa­tion could adopt the mo­tion on Pak­istan.

Pak­istan’s de facto fi­nance min­is­ter, Mif­tah Ismail, told Reuters the United States and Bri­tain put for­ward the mo­tion sev­eral weeks ago, and later per­suaded France and Ger­many to co-spon­sor it.

“We are now work­ing with the US, UK, Ger­many and France for the nom­i­na­tion to be with­drawn,” Ismail said, speak­ing from Europe. “We are also quite hope­ful that even if the US did not with­draw the nom­i­na­tion that we will pre­vail and not be put on the watch list.”REUTERS

ISLAMABAD:

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