U.S. WANTS PAK ON TERRORFUNDING WATCH LIST

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“We are now working with the US, UK, Germany and France for the nomination to be withdrawn,” Ismail said, speaking from Europe.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

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