India has rejected Pakistan’s allegation that it had tried to politicise deliberations at the Financial Action Task Force(FATF) which concluded its plenary with more criticism against Pakistan. Recently,FATF had warned Pakistan that the country could be blacklisted unless it fulfils an action plan against UN-designated terrorists operating in Pakistan by October,2019. A blacklist entry for… Continue reading India rejects Pakistan’s charge of politicising FATF
Tag: PAKISTAN
Time running out to curb terror, Pak. told
India has said that it expects Pakistan to implement steps agreed with the international Financial Action Task Force(FATF) to eliminate funding to terrorist groups operating from its soil. This statement came after FATF has warned Pakistan that the country could be blacklisted unless it fulfils an action plan against UN-designated terrorists operating in Pakistan by… Continue reading Time running out to curb terror, Pak. told
FATF warns Pakistan, but keeps it off the blacklist
Pakistan has managed to avoid being placed on the Financial Action Task Force(FATF) blacklist following support from China,Turkey and Malaysia. The FATF charter mandates support of at least three member states to avoid the blacklisting.However,FATF has said that Pakistan will be blacklisted if it fails to complete its action plan by October 2019. Once a… Continue reading FATF warns Pakistan, but keeps it off the blacklist
Black or grey: What next for Pakistan at FATF?
The Financial Action Task Force(FATF) will hold its Plenary and Working Group meeting from 16th June,2019. The plenary could take up a proposal to downgrade Pakistan to the blacklist on terrorist financing from its current greylisted status. Pakistan has been under the FATF’s scanner since June,2018 when it was put on the greylist for terror… Continue reading Black or grey: What next for Pakistan at FATF?
Pakistan faces FATF blacklist
The Asia Pacific Group(APG) has conveyed to Pakistan that its action plans on terrorist groups were inadequate after it was grey-listed by the Financial Action Task Force(FATF) for terror financing. APG has said that Pakistan has time until September,2019 to either comply with the demands made by FATF members or it could be blacklisted.The blacklisting… Continue reading Pakistan faces FATF blacklist
Pakistan extends airspace ban till June 15
Pakistan has decided to extend the closure of its airspace along its eastern border with India until June 15. Pakistan had closed the airspace after an Indian Air Force strike on a Jaish-e-Mohammed (JeM) terror camp in Balakot. Pakistan lies in the middle of a vital aviation corridor and the airspace restrictions impact hundreds of… Continue reading Pakistan extends airspace ban till June 15
Pakistan successfully test-fires ballistic missile Shaheen-II capable of hitting India
Pakistan has successfully test-fired surface-to-surface ballistic missile called as Shaheen-II. The Pakistan Army has said that the launch was aimed at ensuring operational readiness of the Army Strategic Forces Command. Shaheen-II Missile is capable of carrying both conventional and nuclear warheads up to a range of 1,500 kilometers which brings major Indian cities under its… Continue reading Pakistan successfully test-fires ballistic missile Shaheen-II capable of hitting India
Bangladesh halts visas for Pakistani nationals
Bangladesh has halted issuance of visas to Pakistani nationals.It was stopped after the Bangladesh diplomat’s visa-extension application has not been cleared by the Pakistan government. Pakistan has delayed the renewal of the visa after Bangladesh had refused to accept the nomination of the new high commissioner of Pakistan to Bangladesh for over a year. Tensions… Continue reading Bangladesh halts visas for Pakistani nationals
Pakistan needs aggressive diplomacy to exit FATF grey list: official
Financial Action Task Force (FATF) has said that Pakistan needs to launch a diplomatic effort to secure enough support to come out of the greylist or to prevent itself from falling into the blacklist. This statement came after a 10-member Pakistani delegation attended a meeting of the Asia-Pacific Group (APG) where it defended Pakistan’s efforts… Continue reading Pakistan needs aggressive diplomacy to exit FATF grey list: official
Explained: Understanding Pakistan’s IMF bailout
The International Monetary Fund(IMF) and Pakistan have agreed on terms for a $6bn bailout package to be disbursed to Pakistan over a span of more than three years. Earlier,Pakistan had asked the IMF to bail itself out from a severe financial crisis that threatens to cripple the country’s economy. Pakistan has already received financial aid… Continue reading Explained: Understanding Pakistan’s IMF bailout
