US, India eye joint efforts against extremist funding

Published
2

WASHINGTON: The United States and India agreed on Sunday to step up cooperation to prevent the financing of violent extremist movements linked to Pakistan, officials said.

In annual talks between top economic officials, India and the United States spoke of “expanding cooperation on countering illicit financing, including targeting the financial networks and fund-raising activities of terrorist organizations,” Indian Economic Affairs Secretary Arvind Mayaram said.

Mayaram said in a statement that efforts would target groups such as Lashkar-i-Taiba and the affiliated Jamaat-ud-Dawa, which investigators blame for the 2008 siege of Mumbai that killed 166 people.

The statement did not provide more details on how the two sides would expand cooperation. India has been seeking to pressure the group which operates virtually in the open in Pakistan.

Mayaram also mentioned action against another Pakistan-linked movement, the Haqqani network. The group, blamed for attacks on the Indian embassy and US forces in Afghanistan, was designated last year as a terrorist group by the United States.

The talks, in Washington following annual IMF-World Bank meetings, involved US Treasury Secretary Jack Lew and Federal Reserve Chairman Ben Bernanke, along with their Indian counterparts Finance Minister P. Chidambaram and Reserve Bank of India Governor Raghuram Rajan.

The two countries agreed to keep working on a bilateral investment treaty, which President Barack Obama and Prime Minister Manmohan Singh have supported as a way to boost trade.

US companies have increasingly criticized India on trade issues including the developing economy's support of generic drugs, which advocates say are affordable for the world's poor but which Western businesses say violate patents.

The two sides, who also discussed the fiscal crisis in the United States, called for “sound macroeconomic policies, structural reforms and strong prudential frameworks” to support economic growth and market stability, Mayaram said.

Opinion

Editorial

State of denial
Updated 18 Oct, 2026

State of denial

If the Taliban regime commits to preventing groups based on its soil from attacking neighbouring states, the process of normalisation and regional integration of Afghanistan can begin.
Suffering in silence
18 Oct, 2026

Suffering in silence

TOO many Pakistani children have nowhere to turn when abused online. An estimated 1.5m internet-using children aged...
Export imperative
18 Oct, 2026

Export imperative

THE government’s efforts to boost Pakistan’s external sector through diversified financing, higher foreign...
No talks
Updated 17 Oct, 2026

No talks

The government should understand that the PTI’s protest march and its reaction to it will look like nothing more than a storm in a teacup.
Strengthening LGs
17 Oct, 2026

Strengthening LGs

THE ECP has done well to refuse to allow the Punjab administration to push the local government elections to April....
Lesser citizens
Updated 17 Oct, 2026

Lesser citizens

Interfaith harmony will prevail when the message to end bias is conveyed from the pulpit, alongside efforts to punish zealotry.