The consequences of an approach that the world is not watching us are coming to the fore. The United States and its European allies have come up with a motion much to the delight of our neighbours India and Afghanistan, with the Financial Action Task Force (FATF) pleading to put Pakistan on a watchlist of countries that are non-compliant with global anti-terror financing measures. The fact is that the Punjab government is financing the seminaries of banned Jamaatud Dawa (JuD) despite banning the JuD. On one hand, banning an outfit and on the other hand, financing its seminaries is just defying all logic and all reasons. Similarly, the Khyber Pakhtunkhwa government doles out millions on the seminary, considered to be the birthplace of the banned Taliban. What do our people at the helm thin that such measures do not warrant global actions? One can make the world fool for one decade, but it does not go on endlessly.
The measure to put on the watchlist by the FATF is unanimous by the major world players. True, that the US under the administration of Donald Trump is hostile to Pakistan. But the United Kingdom had never taken a partisan position on India and Pakistan. The motion presented before the FATF has been, however, tabled by both the US and the UK. That means Pakistan is losing international friends. (De Fecto) Finance Minister Miftah Ismail also confirmed that “the US and the UK had nominated Pakistan to be put on the watchdog’s international money-laundering and terror-financing ‘grey list’ a few weeks ago, before France and Germany joined them as co-sponsors”.
This is ironic. These countries have been supporting Pakistani in its efforts to eradicate terrorism. They have given cash, tools as well as expertise. They have been asking Pakistan to control the activities of terror outfits. Muftah says they are in touch with the US, UK, Germany and France for the withdrawal of the nomination. "We are also quite hopeful that even if the US did not withdraw the nomination that we will prevail and not be put on the watchlist." The motion against Pakistan could be adopted at the FATF meeting scheduled to take place in Paris from February 18 to 23.
According to Reuters, “the FATF maintains grey and black lists for identifying countries with weak measures to combat money laundering and terror financing. The watchdog does not have the powers to impose sanctions on a country found not meeting the required standards. However, its listing can affect international transactions from the country concerned as those would then become subject to greater scrutiny. This will increase the cost of doing international/cross-border transactions and ultimately higher cost of doing business locally. Pakistan was last placed on FATF’s grey list in February 2012 and stayed on it for three years”.
Pakistan has taken some remedial measures. It has promulgated a presidential ordinance last Friday amending the Anti-Terrorism Act, 1997 with regards to banning terrorist individuals and organisations to include entities listed by the United Nations Security Council. That means the JuD and Falah-i-Insaniat Foundation, besides the UN listed outfits of Al Akhtar Trust and Al Rashid Trust can be banned.
Pakistan needs to take action, not to thwart the FATF move, but also in the best interest of its own people.