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.


Court sentences Pakistan ex-PM Imran Khan, wife to 17 years in prison in graft case

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Court sentences Pakistan ex-PM Imran Khan, wife to 17 years in prison in graft case

  • The case involves a jewelry set worth over €380,000 gifted to the former first lady when Khan was PM
  • The couple were convicted of undervaluing the gift and buying it at a lesser price from state repository

ISLAMABAD: A Pakistani court on Saturday sentenced former prime minister Imran Khan and his wife, Bushra Bibi, to 17 years in prison each in a graft case, dealing another major legal blow to the jailed opposition leader who faces a string of cases.

The reference, popularly called the new Toshakhana case, was filed in July 2024 and involves a jewelry set worth over €380,000 gifted to the former first lady by a foreign dignitary when Khan was prime minister from 2018-2022.

The couple, accused of undervaluing the gift and buying it at a lesser price from the state repository, were indicted in the case in Dec. last year. In October, they denied the charges against them, saying the case was a “politically motivated” attempt to disqualify Khan from politics.

Both Khan and his wife were handed down 10-year rigorous imprisonment under sections 34 (common intention) and 409 (criminal breach of trust) of the Pakistan Penal Code, and seven years under Section 5(2) (criminal misconduct by public servants) of the Prevention of Corruption Act.

“This court, while passing sentences has considered the old age of Imran Ahmed Khan Niazi, as well as the fact that Bushra Imran Khan is a female,” read a copy of the court verdict.

“It is in consideration of both said factors that a lenient view has been taken in awarding lesser punishment.”

Khan, who has been in jail since August 2023, faces a slew of cases which the former premier says have been politically motivated.

His Pakistan Tehreek-e-Insaf (PTI) party has long campaigned against the military and government, accusing the generals of ousting him together with his rivals. Khan’s opponents deny this, while the military says it does not meddle in politics.

On Friday, an anti-terrorism court (ATC) acquitted Khan aide and former foreign minister, Shah Mahmood Qureshi, but awarded 10-year prison sentences to senior PTI figures, including Dr. Yasmin Rashid, Mian Mehmood-ur-Rashid, Omer Sarfraz Cheema and former senator Ejaz Chaudhry in a case linked to violent riots in May 2023.