Featured Pakistan

Pakistan’s anti-graft body arrests sister of ex-president

AP — Pakistan’s anti-graft body has arrested the sister of former president Asif Ali Zardari in connection with a multi-million-dollar money laundering case following rejection of her bail by a court. Faryal Talpur, also a politician, was taken into custody Thursday by the National Accountability Bureau in Islamabad. The latest… Read More

Former Pakistani president Zardari arrested on corruption charges

Former Pakistani President Asif Ali Zardari was arrested on corruption charges on Monday in a blow to the opposition Pakistan Peoples Party over what media said was an investigation into false bank accounts and money laundering. Zardari, widower of former Prime Minister Benazir Bhutto, was arrested by the National Accountability… Read More

Pakistan arrests 6 for collecting funds for militant groups

AP — Pakistani police say six people have been arrested for allegedly collecting funds for two outlawed militant organizations. Muhammad Ashraf, an official with the Punjabi police’s counterterrorism department, said Saturday that the arrests were part of crackdown against terror financing in the province. He said those arrested were raising… Read More
23rd May 2019
Pakistani authorities should tighten supervision of traditional cash transfer methods as part of a wider overhaul of financial sector regulation to stem outflows of corrupt money, a British think-tank said. Pakistani Prime Minister Imran Khan was elected to power last year on an anti-corruption platform and vowed to bring home… Read More
14th May 2019
Pakistan will implement fiscal and regulatory reforms, including strengthening its controls against financial crime, as part of a 3-year, $6 billion bailout agreement reached with the International Monetary Fund (IMF), the organization said Sunday. The staff-level agreement, which has yet to be approved by the IMF’s board, would seek to… Read More
14th May 2019
The U.S. Commerce Department said on Monday it banned six Chinese technology entities, one Pakistani firm and five based in the United Arab Emirates from exporting sensitive U.S. technologies and other goods. In a statement, the Commerce Department said four of the Chinese firms, also with offices in Hong Kong,… Read More
3rd May 2019
India will ask the global money laundering and terror finance watchdog to put Pakistan on a blacklist of countries that fail to meet international standards in stopping financial crime, Finance Minister Arun Jaitley said on Thursday. The Financial Action Task Force (FATF) already has Pakistan on its “grey list” of… Read More
29th April 2019
Something very significant is under way in Pakistan, the government in Islamabad would like you to believe. A small group of foreign journalists, Reuters correspondents included, was given Pakistan’s new narrative by Prime Minister Imran Khan, its army chief General Qamar Javed Bajwa, and other top government officials and generals… Read More
22nd March 2019
Britain’s Serious Fraud Office (SFO) has secured the forfeiture of £1.52 million over a fraudster’s properties using new powers under the 2017 Criminal Finances Act. The properties were originally purchased with fraudulently obtained cash by Birmingham-based Nisar Afzal (61), who fled Britain for Pakistan in the mid-2000’s, according to the… Read More
25th February 2019
Pakistan has taken steps to address terror financing issues, however it does not understand the risks posed by terror groups such as Da’esh and Al Queda, the Financial Action Task Force (FATF) has warned. The global anti-money laundering body has urged Pakistan to work on implementing its action plan… Read More
13th December 2018
Pakistan on Wednesday denounced the United States for placing it on a list of countries violating religious freedoms, calling the designation politically motivated. U.S. Secretary of State Mike Pompeo on Tuesday added mainly Muslim Pakistan to the U.S. list of “countries of particular concern”, which have violated religious freedoms or… Read More
21st September 2018
Officers from the United Kingdom’s National Crime Agency’s (NCA) International Corruption Unit (ICU) have arrested a former Pakistani politically exposed person (PEP) and his wife over alleged money laundering. The funds in question are believed to have been acquired as a result of corruption in Pakistan, said the NCA, which… Read More
19th September 2018
Britain will give Pakistan an initial £750,000 to pursue money launderers under a new partnership aimed at tackling corruption. The announcement was made by British Home Secretary Sajid Javid (pictured), who also announced the new Justice and Accountability Partnership to help Pakistan tackle corruption. The UK and Pakistan also agreed… Read More