FATF statement comes amidst India’s renewed diplomatic push to have Pakistan re-included in grey list in light of its role in Pahalgam terrorist attack that claimed 26 lives.
Islamabad has shown ‘political commitment’ in combating terrorist financing, says Paris-based Financial Action Task Force. Pakistan was in ‘grey list’ since June 2018.
With 600-plus students who are taught to support jihadism, the sprawling complex in Bahawalpur, Punjab province, is one of more than a dozen that the Jaish runs across Pakistan.
Pakistan has been on the list of FATF since June 2018 for failing to check money laundering, leading to terror financing, & was given a POA to complete it by October 2019.
From convicting Lashkar-e-Taiba’s founder to banning several groups that have featured on global terror lists, Pakistan is eager to get off FATF’s grey list.
In the last FATF plenary in October 2020, the global watchdog for terror financing said Pakistan would continue in its grey list till February 2021 as it failed to fulfil 6 out of 27 obligations.
The Financial Action Task Force (FATF) will, during its plenary session from 22-25 March, decide on Pakistan’s ‘grey list’ status on alleged terror financing.
FATF is pleased that Pakistan has ‘largely completed’ 21 of the 27 tasks assigned to it, but says the country will come off the grey list when it finishes all tasks.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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