Pak to stop funding militants to avoid being blacklisted

Islamabad: Pakistan has submitted a comprehensive 26-point action plan to the Financial Action Task Force (FATF) to choke the funding of militants groups, including Mumbai attack mastermind Hafiz Saeed-led JuD and its affiliates, to avoid being blacklisted by it, according to a media report on Wednesday.

Currently placed on the FATF’S ‘grey list’, Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed noncompliant with anti-money laundering and terrorist financing regulations by the FATF, a measure that officials here fear could hurt its economy, which is already under strain.

Discussion started on Tuesday at the FATF plenary in Paris on Pakistan’s 26-point action plan spanning over a period of 15 months. A formal announcement about Pakistan’s status is expected on Friday. Pakistan’s plan envisages choking the financing of terrorist groups like Daesh (ISIS), Al Qaeda, Jamaat-ud Dawa and its affiliates Falah-e-Insaniyat Foundation (FIF) and Lashkar-e-Taiba (LeT), Jaish-e-Mohammad (JeM), the Haqqani Network and persons affiliated with Taliban.

The 26-point Action Plan

  • The 26-point Action Plan requires Pakistani authorities to proactively cooperate with counterpart bilateral agencies to choke financing for terror groups. Pakistan will have to deliver on the first goal by January 2019 and complete all the 26 actions by September 2019.
  • In February 2018, the FATF had approved the nomination of Pakistan for monitoring under its International Cooperation Review Group (ICRG) commonly known as ‘Grey List’. If the FATF endorses the 26-point Action Plan, it will formally place Pakistan on the greylist.

Pak NSA resigns

  • Pakistan’s National Security Advisor Lt Gen (retd) Nasser Janjua resigned, amid reports that he had differences with caretaker Prime Minister Nasirul Mulk. Janjua’s resignation was accepted by Prime Minister Mulk, according to a notification issued by the Cabinet Division.

350,000 Armymen for general polls

  • Pakistan’s Army Chief General Qamar Javed Bajwa directed the armed forces to take over security duties for the country’s July 25 general polls, the Army’s Inter-Services Public Relations (ISPR) said.
  • The letter said that 350,000 military personnel would be needed to maintain law and order situation across the country on the election day. The soldiers will be deployed inside and outside the polling stations.