Pakistan gets three month reprieve being listed as terror supporting state

  • Pakistan gets three month reprieve being listed as terror supporting state

Pakistan gets three month reprieve being listed as terror supporting state

Pakistan has been given a three-month reprieve by a global watchdog over a US-led motion to put the South Asian country on a terrorist financing watchlist, Pakistan's Foreign Minister Khawaja Asif said late on Tuesday. Proposing three months pause and asking APG (Asia/Pacific Group on Money Laundering) for another report to be considered in June.

The announcement came from Pakistan Foreign Minister Khwaja Asif as he tweeted early on Wednesday thanking "friends" who helped Pakistan avoid a bid of major global embarrassment.

"Our efforts paid, FATF Paris 20 February meeting conclusion on US-led motion to put Pakistan on watch-list". "Grateful to friends who helped", he added.

Talking about the Country's political situation, Imran Khan said the return of Abid Boxer to Pakistan was very concerning for the Punjab Chief Minister Shahbaz Sharif.

He had claimed that the move was "politically motivated" and its real aim was to hamper economic progress of Pakistan, as it was initiated even before the completion of Pakistans Mutual Evaluation and created to manipulate the FATF process.

Noting that the two countries will form a commission on military cooperation, the foreign minister said Russian Federation and Pakistan will continue to hold the Druzhba (Friendship) joint military exercise.

Those commitments remained unmet even as the Fatf meeting got underway going by the videos of Saeed, a designated terrorist, preaching his message of hate that Islamist groups continue to distribute online.

"Since 2015, time and again the goal posts have been shifted for reporting by Pakistan", he had said.

Some Republicans in the U.S. Congress have introduced legislation for the American government to add Pakistan to the United States list of state-sponsors of terrorism.

This will increase the cost of opening letter of credits (LC) for trade purposes. "He conveyed Russia's continued support for enhancing Pakistan's counter-terrorism capabilities", the statement said. The negative decision by the FATF will have the force to affect the global credit ratings, which will in turn increase cost of borrowings for the government.

State Department spokeswoman Heather Nauert told reporters last week that the "international community has this sort of longstanding concern when it comes to the Government of Pakistan about what we consider to be deficiencies in the implementation of anti-money laundering, counterterrorism, and other types of issues similar to that".

Nations already on the terror financial watch list include North Korea, Iran, Iraq, Syria, Yemen, Ethiopia, and Sri Lanka.

Earlier this month, the United States tabled a motion to reintroduce Pakistan to the FATF watchlist as ties fray over United States accusations that Islamabad is providing safe haven to militants.

This is published unedited from the PTI feed.