Watchdog tasked with tracking illegal money due in Pakistan for review

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Financial Action Task Force (FATF) is a Paris-based global body and its delegation will start talks with Pakistani officials from Tuesday – (Photo Courtesy – FATF Facebook)
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The FATF, in a statement issued in February, had termed Pakistan’s progress on the implementation of its action plan as “limited” and asked Islamabad to address all strategic deficiencies. (AFP/File)
Updated 26 March 2019
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Watchdog tasked with tracking illegal money due in Pakistan for review

  • Meetings with the Financial Action Task Force are scheduled to begin from Tuesday
  • Had said earlier that progress in the implementation of measures was "limited"

ISLAMABAD: Representatives from a Paris-based global body, which is tasked with tracking sources of illegal money, were due to arrive in Islamabad on Monday, media reports said.

The Financial Action Task Force (FATF), in a statement released in February this year, had termed Pakistan’s progress on the implementation of its action plan as “limited” and asked Islamabad to address all strategic deficiencies.

The group is set to hold talks with representatives from the Securities and Exchange Commission of Pakistan, State Bank of Pakistan, Ministry of Foreign Affairs, Ministry of Interior, and other Pakistani officials from Tuesday.

Pakistan had been on the FATF grey list from 2012 to 2015, before being put on the list again in June 2018.

“Pakistan has revised its TF [terror financing] risk assessment. However, it does not demonstrate a proper understanding of the TF risks posed by Da'esh (ISIS), Al-Qaeda, JuD [Jamaat-ud-Dawa], FIF [Falah-e-Insaniat Foundation], LeT [Lashkar-e-Taiba], JeM [Jaish-e-Mohammad], HQN [Haqqani Network] and persons affiliated with the Taliban,” the FATF statement read.


Pakistani politicians, analysts appreciate Saudi Crown Prince’s stance on regional peace

Updated 17 June 2019
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Pakistani politicians, analysts appreciate Saudi Crown Prince’s stance on regional peace

  • The Crown Prince’s recent statement reflects his wisdom and restraint, says Senator Sehar Kamran
  • International community must act to defuse situation in the Middle East, maintains senior analyst Zahid Hussain

ISLAMABAD: Pakistan’s major political parties and analysts on Monday appreciated Saudi Crown Prince Mohammed bin Salman’s statement that the Kingdom did not want a war in the Middle East.
In an interview last week, the Crown Prince also called for a decisive international position against Iran.
“At this very critical moment, the demonstration of restraint by the Saudi Crown Prince is very much appreciated. This shows his wisdom and rationale,” Senator Sehar Kamran of the Pakistan Peoples Party told Arab News, adding: “I believe the entire world will applaud the statement. We must give peace a chance and support efforts for political solution to all outstanding issues.”
“The international community can play an important role in reminding Iran of the consequences [of war] and help initiate a dialogues process to prevent further escalation of tensions in the region,” she continued.
Kamran said the recent attack on a Saudi oil tanker was a serious issue and must be strongly condemned.
“Every nation has the right to protect its sovereignty and national assets,” she noted. “Iran must act as a responsible state. A transparent investigation of the attack by the United Nations and collective wisdom on the issue will be the best option.”
Echoing her sentiment, Romina Khurshid Alam of the Pakistan Muslim League-Nawaz party also welcomed the Crown Prince’s statement.

“Our party leadership has always advocated for peace in the region and supports Pakistan’s role as a mediator to resolve all outstanding issues,” she said.
Omar Sarfraz Cheema, the central information secretary of the ruling Pakistan Tehreek-e-Insaf party, told Arab News that “the PTI strongly condemns attacks on Saudi facilities by Houthis.”
He recalled that the Pakistani leadership had expressed its desire to play a mediator’s role for peace and stability in the Middle East.
Last week, Cheema told Arab News that Prime Minister Imran Khan had already urged the Houthis to engage in “meaningful dialogue” with Saudi Arabia to resolve the conflict. “This is a divisive issue for the whole Muslim world and should be resolved through negotiations,” he added.
“Peace is essential for the development of countries in the Middle East,” former Pakistani ambassador Rizwan-ul-Haq told Arab News. “Any country which upsets the tranquility and peace of the region must be invited to explain its position to the Organization of Islamic Cooperation and asked to change its stance in a unanimous and decisive way.”
“We should sit together with transgressors and find a diplomatic solution before resorting to extreme measures,” he added.
Veteran Pakistani political commentator Zahid Hussain said that “the attacks on oil tankers in the Gulf and oil facilities in the Kingdom have created a serious security situation in the Middle East and there is an urgent need for the international community to act and defuse the situation.”
“The Crown Prince is right that war is not an option,” he added.