Pakistan News

    Terrorism Financing In Pakistan

  • India financing terrorism in Pakistan: FO

    ISLAMABAD: The Foreign Office on Monday accused India of financing terrorism in Pakistan, saying that "open evidence is available on India’s involvement in subversive activities"...

    The FO statement comes just days after Indian Prime Minister Narendra Modi, in a veiled reference towards Pakistan at a recent G20 forum, said "one single nation in South Asia is spreading agents of terror in countries of our region"...

  • Five held in Sindh for financing terrorism, Senate told

    ISLAMABAD: During question hour in the Senate on Friday, the government disclosed that five unidentified persons had been arrested in Sindh for allegedly financing terrorism, but failed to explain when they had been taken into custody or if their cases were under investigation or would be tried in court...

    This was revealed in a written reply to a question regarding the number of people arrested under the National Action Plan on...

  • Khawaja Asif slams Indian minister’s statement of ‘sponsoring terrorism to counter terrorism’

    ISLAMABAD: Defence Minister Khawaja Asif said here on Sunday that his Indian counterpart’s recent statement about sponsoring terrorism to counter terrorism had confirmed “our assertions of Indian involvement in terrorist activities on Pakistani soil”...

    He said the statement of Indian Defence Minister Manohar Parrikar was a blatant admission of sponsoring terrorism in Pakistan...

  • West shouldn’t respond to terrorism with terrorism: Al Azhar head

    CAIRO: Egypt’s top cleric said on Saturday that terrorism was a disease that used religion as a front and it was wrong to blame Islam for crimes committed in its name, like the recent Paris attacks...

    He said terrorism was a life philosophy whose adherents were willing to die, but it was not the by-product of any Abrahamic faith...

  • House financing lowest in Pakistan

    ISLAMABAD: Pakistan house financing is less than half a per cent of gross domestic product (GDP) which is one of the lowest in the world...

    Each year there is need for 600,000 units, but only 300,000 units are constructed,” said Deputy Governor, State Bank of Pakistan (SBP), Saeed Ahmad, on Thursday at a two-day international conference on “Affordable Housing and Mortgage Finance”, organised by the SBP...

  • WB lowers Pakistan’s external financing needs

    WASHINGTON: The World Bank said on Monday that Pakistan’s external financing needs in 2017-18 were $17 billion and not $31bn, which was wrongly deduced from one of its previous reports...

    ”The situation “has resulted in increased external financing needs of 5-6 per cent of GDP in FY18, or around $17bn, to cover rising current account deficit and debt payments,” the bank added...

  • How Pakistan is tackling terror financing to stay off a list of 'terror-friendly' nations

    Pakistan has frozen the accounts of 5,000 suspected terrorists, taking about $3 million out of their pockets, but Islamabad could still come under scrutiny at a crucial June meeting of an international watchdog that tracks terror financing...

    Analysts and government officials say political foot-dragging and sympathetic supporters throughout Pakistan makes it difficult to cut off the money supply to banned terrorist groups...

  • Pakistan still on radar of terror financing watchdog

    ISLAMABAD: Despite taking a few significant steps against terror financing, Pakistan remains on the radar of the Financial Action Task Force (FATF), an international watchdog tracking terror financing, over concerns that it is not fully complying with curbs against entities listed with the United Nations...

    At a meeting held last week in Valencia, Spain, the FATF referred Pakistan to its regional affiliate, Asia/Pacific Group on Money...

  • Inclusive financing improving in Pakistan, says Queen Maxima

    ISLAMABAD: Queen Maxima of the Netherlands, who is the UN Secretary-General’s Special Advocate for Inclusive Finance for Development, said here on Tuesday that Pakistan had built one of the strongest foundations for financial inclusion in the world...

    She was speaking at the launching ceremony of the Universal Financial Access initiative of the State Bank of Pakistan (SBP)...

  • US, allies pushing to place Pakistan on terror-financing watchlist: report

    The United States and its European allies have tabled a motion with the Financial Action Task Force (FATF) with a view to placing Pakistan on a watchlist of countries considered non-compliant with global anti-terror financing measures, an exclusive Reuters report said on Tuesday...

    Miftah Ismail, Pakistan's de facto finance minister, told the news agency that a few weeks ago the US and UK had nominated Pakistan to be put on the...

  • Pakistan on global lobbying campaign against placement on terror-financing watchlist

    Pakistan has been engaged in lobbying efforts with different countries around the world to thwart a move by the United States and its European allies to get Pakistan placed on a global terrorist-financing watchlist with the Financial Action Task Force (FATF), it emerged on Thursday...

    Responding to a calling attention notice about Pakistan's possible placement on the FATF 'grey list', Minister of State for Finance Rana Afzal told the...

  • Pakistan will expedite steps to curb terror financing: interior minister

    Interior Minister Ahsan Iqbal on Saturday — a day after Pakistan avoided ending up on a terror watch list by a global task force — said that the government will expedite steps to curb terror financing and money laundering...

    Pakistan's performance in the war against terrorism was better than others, but it still faced pressure from Washington, the minister said...

  • China says 'highly recognises' Pakistan's efforts against terror financing

    China came out in support of Pakistan's anti-terror financing regime on Tuesday, days after it withdrew opposition against a US-led move to place Pakistan on the Financial Action Task Force's (FATF) watchlist...

    "In recent years, Pakistan has made important progress in actively strengthening financial regulations to combat terror financing," China's Foreign Ministry Spokesperson Lu Kang said at a press briefing in Beijing...

  • Government confirms Pakistan will be placed on terror financing 'grey list' in June

    Ending a nearly week-long confusion over Pakistan's placement on a ‘grey list’ of the Financial Action Task Force (FATF), the Foreign Office confirmed on Wednesday that the country is set to be added to the watchlist of countries where terrorist outfits are still allowed to raise funds in June...

    Speaking at a weekly news briefing, FO spokesman Dr Muhammad Faisal revealed that a decision to place Pakistan on the watchlist was taken at...

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