Foreign Office rejects Indian media reports FATF put Pakistan on 'grey list'

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Member states of the Financial Action Task Force (FATF) met this week in Paris, where it was expected that they would decide on a USA motion to have Pakistan added to the so-called "grey list" of countries not doing enough to comply with terrorist-funding regulations.

The FATF, a global body that combats terrorism financing and money laundering, met in Paris amid reports that the United States with the support of some European allies was trying to place Pakistan on a list of countries that financially support terrorism.

The officials from the countries on the task force said Saudi Arabia was acting on behalf of the Persian Gulf Cooperation Council (GCC), the Saudi-dominated bloc of six Persian Gulf nations which are collectively a member of the FATF.

However, the USA said the FATF's decision was expected later this week, indicating Islamabad's celebrations might be premature. He said this is being done to create hysteria against Pakistan.The spokesperson said tension on the Line of control is a cause of concern for us and the global community.

The spokesperson said that Pakistan has categorically conveyed to the USA that this relationship can move forward in an environment of mutual trust and respect.

The FO spokesperson added that Pakistan's name being taken off the grey-list was acknowledgement of the country's "robust mechanism" against money-laundering and terror financing, which he claimed was in line with worldwide standards.

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While Pakistan has claimed a victory of sorts, the USA was working behind the scenes during the ongoing Paris meeting of the Financial Action Task Force (FATF) so as to take action against the country which it believes has not acted against terrorist financing and the implementation of the UN Security Council resolutions. Islamabad has denied those allegations.

Spokesperson of Foreign Office at his weekly news briefing in Islamabad has said that Pakistan has not sent troops to Saudi Arabia to become part of Islamic military alliance today, reported Radio Pakistan.

China, Pakistan's all-weather ally, has repeatedly blocked efforts by India, the United States and the United Kingdom to designate JeM chief Masood Azhar a terrorist under the Al-Qaeda Sanctions Committee.

"Pakistan, on the other hand, feared that its name in the list of countries deemed "high risk" for doing too little to curb terror financing, would have serious financial effects on the country", the WSJ said.

Pakistani officials and Western diplomats say being put on the FATF watchlist could deal a blow to Pakistan's economy, making it harder for foreign investors and companies to do business in the country.

Foreign Office (FO) Spokesperson Dr Muhammad Faisal, in a weekly press briefing in Islamabad today, said Pakistan had serious concerns over the motion moved by the USA and United Kingdom at the FATF, Radio Pakistan reported.

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