The Securities & Exchange Commission of Pakistan (SECP) on Monday prohibited the collection of donations by Hafiz Saeed's Jamaatud Dawa (JuD), the charity wing of banned outfit Lashkar-e-Taiba, as well as several other such organisations named in a list of banned outfits by the United Nations Security Council (UNSC).
"The Securities and Exchange Commission of Pakistan hereby prohibits all companies from donating cash to the entities and individuals listed under the UNSC sanctions committee's consolidated list," read a notification issued by the commission.
In addition to JuD, the UNSC's list also includes Lashkar-e-Taiba itself, the Falah-i-Insaniat Foundation (FIF), the Paasban-i-Ahle-Hadith and Pasban-i-Kashmir, among others.
The SECP notification further warned that non-compliance with the said ruling could result in a hefty monetary fine.
"The Government of Pakistan has already prescribed a penalty of up to Rs10 million for non-compliance on the sanctions regime being implemented," it said.
In early 2017, the federal government had launched a crackdown against JuD, placing Saeed under house arrest.
However, Saeed was released in November after the Lahore High Court refused to extend the period of his confinement.
JuD says will move court
Responding to reports that the government is also planning on seizing their assets, JuD and FIF said they will take the matter to the court.
“There are clear rulings of the Lahore High Court and Supreme Court that JuD is free to continue its welfare activities in Pakistan,” said JuD spokesperson Yahya Mujahid. “Yet the government still pulls such stunts for the appeasement of India.”
He further alleged: “The Modi government is toying with their Pakistani counterparts. Whenever India wants, it exerts pressure on our rulers, who then do even more than what’s asked of them, sometimes by making arrests and sometimes by disrupting our relief activities.”
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Comments (21) Closed
At last, showing some pine. Good Move
Toooooo late .
Is it too little too late??
Charity should always be allowed but make sure that money is spent on charity not on subvert activities. Why now is very interesting ? Is it because money will spent on political party not on subvert activities? I'm sure no one can answer that.
The U.N. is requested to take on the responsibility of carrying on the humanitarian work which was being done by these organizations.
Very good move.
There should, however, be much more.
Believe this you will believe anything
Mere Eyewash.
Action should be permanent not temporary........
@Rajesh it always has been, at least for the last 5 years it's been tltl
Good move but timing indicates some external pressure.
When the world has to tell you and force you to stop funding terrorists, its a sad situation.
Only in papers. There will be business as usual. Lies, lies and more lies.
This is just an eye wash action to avoid UN sanctions on Pakistan.
This is only in paper. Who will check the reality?
And who is going to monitor this?
Too late. damage is already done.
If charity funds are directed to other interests; by all means shut them down! But dont spoil the efficient NGOs being run by religious parties that take the state's incompetence on their shoulder...doing atleast some good in these dire times.
A great charity and welfare organization who was involved in kashmir earthquake relief activities and running free ambulance services all around the country. A price for raising voice on issue of kashmir and Jerusalem. Not a good step
A superb welfare and charity organization who worked on numerous occasions like earthquake in kashmir and Pakistan which was appreciated by international aid agencies. Shutting down a good organization will not bring havoc to welfare activities...
An unjust step towards a welfare organization... Not a single concrete evidence has surfaced regarding the allegations on organization.
Comments (21) Closed
At last, showing some pine. Good Move
Toooooo late .
Is it too little too late??
Charity should always be allowed but make sure that money is spent on charity not on subvert activities. Why now is very interesting ? Is it because money will spent on political party not on subvert activities? I'm sure no one can answer that.
The U.N. is requested to take on the responsibility of carrying on the humanitarian work which was being done by these organizations.
Very good move.
There should, however, be much more.
Believe this you will believe anything
Mere Eyewash.
Action should be permanent not temporary........
@Rajesh it always has been, at least for the last 5 years it's been tltl
Good move but timing indicates some external pressure.
When the world has to tell you and force you to stop funding terrorists, its a sad situation.
Only in papers. There will be business as usual. Lies, lies and more lies.
This is just an eye wash action to avoid UN sanctions on Pakistan.
This is only in paper. Who will check the reality?
And who is going to monitor this?
Too late. damage is already done.
If charity funds are directed to other interests; by all means shut them down! But dont spoil the efficient NGOs being run by religious parties that take the state's incompetence on their shoulder...doing atleast some good in these dire times.
A great charity and welfare organization who was involved in kashmir earthquake relief activities and running free ambulance services all around the country. A price for raising voice on issue of kashmir and Jerusalem. Not a good step
A superb welfare and charity organization who worked on numerous occasions like earthquake in kashmir and Pakistan which was appreciated by international aid agencies. Shutting down a good organization will not bring havoc to welfare activities...
An unjust step towards a welfare organization... Not a single concrete evidence has surfaced regarding the allegations on organization.