Pakistan gets three month reprieve being listed as terror supporting state

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

Hectic diplomatic maneuvering in Europe and the Middle East has saved Pakistan from being put on a terrorism financing watch list by a global money-laundering watchdog, officials in Islamabad said on Wednesday.

Earlier, a delegation - led by Syed Mansoor Shah, the Director-General of the Financial Monitoring Unit and comprising other members of the Foreign and Interior ministries - reached Paris to defend the country's position at the FATF meeting.

But in the very next line, Asif 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 group said it would not comment until it concludes its meeting on Friday.

In recent months, Pakistan has been struggling to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist-financing regulations by the FATF.

The Trump administration has already suspended an estimated $2 billion in security aid for Islamabad over Pakistan's reluctance to take decisive action against jihadist organizations who plan attacks against American troops and their allies in Afghanistan from Pakistani soil. "No consensus for nominating Pakistan", the minister said.

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

Pakistan foreign affairs expert Ayaz Wazir said Pakistan's enhanced relationship with Russian Federation is important in the wake of deterioration of relations between Pakistan and the United States as Washington has nearly given up Pakistan despite its unmatched sacrifices in the war against terrorism.

"We are now working with the US, UK, Germany and France for the nomination to be withdrawn", Ismail said.

The US and the United Kingdom have reportedly moved a motion to place Pakistan on the FATF terrorist-financing watch-list. Many of these hardliners claim China, Russia, Saudi Arabia, and Turkey will come to Pakistan's rescue.

Pakistan suspects India's hand behind the US-sponsored resolution as Ismail recently lamented that the FATA was used for political purposes, the report said.

Pakistan government has been concerned that the FATF decision could hurt its banking sector, causing financial difficulties to the economy at a time when national elections are scheduled in July this year.

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