LAHORE: A court in Pakistan has sentenced to prison three leaders of Jamat-ud-Dawa, an organization accused by India and the United States of masterminding the 2008 attacks in Mumbai.
The sentencing comes ahead of a September deadline for Pakistan to avoid being blacklisted for failing to curb terror financing by global financial watchdog the Financial Action Task Force (FATF).
Inclusion on the blacklist, alongside Iran and North Korea, would mean being shunned by international financial institutions. The watchdog has called for Pakistan to prosecute those funding terrorism, as well as to enact laws to help track and stop terror financing.
Malik Zafar Iqbal and Abdul Salam were each handed 16-1/2 year total sentences on four charges, to be served concurrently, while a third man, Hafiz Abdul Rehman Makki, got 1-1/2 years on one charge, according to a court judgment seen by Reuters.
The men were associates of Hafiz Saeed, who was sentenced to a total of 11 years in prison in February. All the sentences are concurrent so Saeed, Iqbal and Salam will serve five years.
Saeed founded and led Lashkar-e-Taiba (LeT), or the Army of the Pure, a group blamed by India and the United States for the 2008 Mumbai attacks, which killed 160 people, including Americans and other foreigners.
Saeed and his associates also face a further slew of cases for allegedly financing militant activities, while Iqbal and Makki have already been convicted in several cases.
Saeed says his network, which spans 300 seminaries and schools, hospitals, a publishing house and ambulance services, has no ties to militant groups. Jamat-ud-Dawa funds the militant wing LeT.
A 2011 US sanctions designation describes Iqbal as a co-founder of LeT and in charge of its financing activities. Salam is described as the interim leader of the group during the brief periods when Saeed was arrested in the aftermath of the Mumbai attacks, and running its network of seminaries.
Pakistan jails three accused of financing Mumbai attacks
https://arab.news/zyx8p
Pakistan jails three accused of financing Mumbai attacks
- The men were associates of Hafiz Saeed, who was sentenced to a total of 11 years in prison in February
- The sentencing comes ahead of the Financial Action Task Force's September deadline for Pakistan
World Bank approves $700 million for Pakistan’s economic stability
- Of this, $600 million will go for federal programs and $100 million will support a provincial program in Sindh
- The results-based design ensures that resources are only disbursed once program objectives are achieved
ISLAMABAD: The World Bank has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country’s macroeconomic stability and service delivery, the bank said on Friday.
The funds will be released under the bank’s Public Resources for Inclusive Development — Multiphase Programmatic Approach (PRID-MPA) that could provide up to $1.35 billion in total financing, according to the lender.
Of this amount, $600 million will go for federal programs and $100 million will support a provincial program in the southern Sindh province. The results-based design ensures that resources are only disbursed once program objectives are achieved.
“Pakistan’s path to inclusive, sustainable growth requires mobilizing more domestic resources and ensuring they are used efficiently and transparently to deliver results for people,” World Bank country director Bolormaa Amgaabazar said in a statement.
“Through this MPA, we are working with the Federal and Sindh governments to deliver tangible impacts— more predictable funding for schools and clinics, fairer tax systems, and stronger data for decision‑making— while safeguarding priority social and climate investments and strengthening public trust.”
The approval follows a $47.9 million World Bank grant in August to improve primary education in Pakistan’s most populous Punjab province.
In November, an IMF-World Bank report, uploaded by Pakistan’s finance ministry, said Pakistan’s fragmented regulation, opaque budgeting and political capture are curbing investment and weakening revenue.
Regional tensions may surface over international financing for Pakistan. In May, Reuters reported that India would oppose World Bank funding for Pakistan, citing a senior government source in New Delhi.
“Strengthening Pakistan’s fiscal foundations is essential to restoring macroeconomic stability, delivering results and strengthening institutions,” said Tobias Akhtar Haque, Lead Country Economist for the World Bank in Pakistan.
“Through the PRID‑MPA, we are launching a coherent nationwide approach to support reforms that expand fiscal space, bolster investments in human capital and climate resilience, and strengthen revenue administration, budget execution, and statistical systems. These reforms will ensure that resources reach the frontline and deliver better outcomes for people across Pakistan with greater efficiency and accountability.”
In Sindh, the program is expected to increase provincial revenues, enhance the speed and transparency of payments, and broaden the use of data to guide provincial decision making. The program will directly support the increase of public resources for inclusive development, including more equitable and responsive financing for primary health care facilities and more funding for schools.
