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Global watchdog puts Pakistan back on watchlist: Indian media

Global watchdog puts Pakistan back on watchlist: Indian media
February 23, 2018
ISLAMABAD (92 News) – A global money-laundering watchdog has placed Pakistan back on its terrorist financing watchlist, in a likely blow to both Pakistan’s economy and its strained relations with the United States, Indian media was quoted as saying. The move was part of a broader US strategy to pressure Pakistan to cut alleged links to militants waging chaos in neighboring Afghanistan. It comes days after reports that Pakistan had been given a three-month reprieve before being placed on the list, which could hamper banking and hurt foreign investment. Washington had spent the past week lobbying member countries of the Financial Action Task Force (FATF) to place Pakistan on the so-called “grey list” of nations that are not doing enough to combat terrorism financing. An official statement was expected later on Friday. Pakistan was previously on the list for three years until 2015. On Wednesday, Foreign Minister Khawaja Asif had claimed that member states of Financial Action Task Force (FATF) had not reached consensus on US motion to put Pakistan on terrorist financing watchlist. In a tweet message, he said that Pakistan's efforts had paid as the FATF meeting held in Paris deferred voting for three months and asked Asia Pacific Group for another report to be considered in June. Asif, who was on a visit to Russia, had tweeted that Pakistan's "efforts have paid (off)" during a Feb 20 meeting on the US-led motion, suggesting there was "no consensus for nominating Pakistan". He further revealed that the meeting was "proposing 3 months pause and asking APG for another report to be considered in June," indicating that the reprieve was temporary and subject to Islamabad fulfilling its obligation to crack down on terror financing. The foreign minister had also thanked the countries that supported Pakistan on the issue. Pakistani officials and analysts fear being on the FATF watchlist could endanger its handful of remaining banking links to the outside world, causing real financial pain to the economy just as a general election looms in the summer. Under FATF rules one country’s opposition is not enough to prevent a motion from being successful. Britain, France and Germany backed the US move.    
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آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔