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New Delhi, June 16
Pakistan has failed to complete 25 of the 27 action points given by the international terror financing watchdog FATF to check funding to terrorist groups such as LeT and JeM and frontal groups like Jamat-ud-Dawah and Falah-e-Insaniat Foundation.
With this, multilateral lenders like the IMF, World Bank and the EU may continue downgrading Pakistan, making its financial situation more precarious.
The Paris-headquartered Financial Action Task Force has asked Pakistan to explain whether it has launched any investigation into the $7 million allocated to maintain schools, madrasas, clinics and ambulances originally operated by terror groups like Lashkar-e-Toiba, Jaish-e-Mohammad, and LeT fronts Jamat-ud-Dawah and Falah-e-Insaniat Foundation.
JuD and FIF are founded by terror mastermind Hafiz Saeed. LeT is responsible for a number of terrorist strikes in India, including the 2008 Mumbai attacks and the hijacking of an Indian Airlines aircraft to Afghanistan in 1999.
Most recently, it attacked a CRPF bus in Pulwama in February this year, killing 40 soldiers. Pakistan is in deep trouble at the FATF meeting beginning Sunday in Florida in the US, people aware of the development said.
“It has been unable to complete 25 of its 27 action points. It has one last chance, till its 15-month deadline ends in October 2019, when the FATF Plenary will be held,” one of them added. — PTI
Pak inks deal with ADB, to get $3.4 b
Islamabad: Pakistan will get a loan of $3.4 billion from the Asian Development Bank for budgetary support, PM Imran Khan’s adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.
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