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Pakistan confirms being placed on FATF’s grey list

FOPESHAWAR: Pakistan has confirmed being placed on the Financial Action Task Force (FATF) grey list, escaping the threat of inclusion in the black category.

The United States and its allies tabled a motion with the FATF, seeking to place Pakistan on a watchlist of countries considered non-compliant with global anti-terror financing measures.

Relations between the US and Pakistan have nosedived in the past year and in his first tweet of 2018, Trump said Pakistan gave lies and deceit in return for American assistance.

The US alleges Pakistan has not taken any action against Hafiz Saeed, the alleged mastermind of the 2008 Mumbai attacks, his Jamaat-ud-Dawa and Falah-e-Insaniat Foundation.

The money-laundering watchdog’s decision is seen as blow to Pakistan’s economy and its strained relations with the United States. Pakistan will be included in the list in June this year, according to sources.

At a weekly media briefing in Islamabad, the Foreign Office spokesman said Pakistan and the United States desired to find a common ground for continued cooperation.

The latest visit by US National Security Council Director Lisa Curtis was an indication of this desire, Dr. Faisal said, adding both sides were ready to work together to achieve the common objective of stabilising Afghanistan.

He said Pakistan had always maintained the only solution to the conflict in the neighbouring country lay in a political settlement. The pursuit of a military approach over the last 17 years had failed to yield desired results, he concluded.

By S.Muddasir Ali Shah, Peshawar

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