Interior Minister Ahsan Iqbal on Monday warned the global community that placing the country on the watch list of countries funding terrorism would be counter-productive and hamper joint efforts to curb terrorism, Radio Pakistan reported.

Iqbal's statements in Islamabad today come as a week-long plenary session of global anti-money-laundering watchdog the Financial Action Task Force (FATF) is underway, where review proposals have been tabled calling for Pakis­tan to be put back on a list of countries which have failed to prevent terrorist financing.

If adopted the resolution would place Pakistan on the FATF grey-list of “jurisdictions with deficient anti-money laundering regimes”, where it was from 2009-15. In November 2017, the International Coopera­tion Review Group in Argentina adopted a resolution calling attention to Pakistan’s support to the Lashkar-i-Taiba, Jaish-i- Moh­a­mmad and affiliated groups like Jamaatud Dawa.

Pakistan’s de facto finance minister, Miftah Ismail, told Reuters last week that the United States and Britain had put forward a motion to place Pakistan on the FATF terrorist-financing watch list. Later, they also persuaded France and Germany to co-sponsor the move.

The interior minister today said that the move would hurt Pakistan's capability to fight terrorism, and questioned whose interests would be served by putting Pakistan on the watchlist.

He added that Islamabad has been diplomatically engaging different countries to apprise them of the measures taken in the war against terrorism, adding that he hoped the international community would recognise Pakistan's sacrifices in the war against terrorism.

The FATF is an intergovernmental organisation founded in 1989 to develop policies to combat money laundering, but after 9/11 it has focused more on preventing terrorist financing.

Over 700 delegates from the FATF global network, as well as the United Nations, Inter­nati­onal Monetary Fund, World Bank and other partners, will attend meetings from Feb 18-23.

Pakistan hopes that China, which has supported Pakis­tan in the past, will rescue it again. Pakistan has also lobbied for support with Russia, Turkey and members of the Gulf Cooperation Council.

Opinion

A velvet glove

A velvet glove

The general didn’t have an easy task when he took over, but in retrospect, he managed it rather well.

Editorial

Updated 24 May, 2022

Marching in May

MORE unrest. That is the forecast for the weeks ahead as the PTI formally proceeds with its planned march on...
24 May, 2022

Policy rate hike

THE State Bank has raised its policy rate by 150bps to 13.75pc, hoping that its latest monetary-tightening action...
24 May, 2022

Questionable campaign

OVER the past couple of days, a number of cases have been registered in different parts of the country against...
23 May, 2022

Defection rulings

By setting aside the existing law to prescribe their own solutions, the institutions haven't really solved the crisis at hand.
23 May, 2022

Spirit of the law

WOMEN’S right to inheritance is often galling for their male relatives in our patriarchal society. However, with...
23 May, 2022

Blaming others

BLAMING the nebulous ‘foreign hand’ for creating trouble within our borders is an age-old method used by the...