Featured Pakistan

Pakistan Wants China’s Help to Skirt Terror-Financing Blacklist

Pakistan is looking to China and two other developing nations for support in avoiding tough financial sanctions, amid signs it is running out of time to meet global anti-money laundering and counter-terrorism financing standards, according to people familiar with the matter. The government in Islamabad expects it will fail to… Read More

Maryam Nawaz, daughter of Pakistan’s former PM Nawaz Sharif arrested by anti-graft body

Maryam Nawaz, Pakistan’s former prime minister Nawaz Sharif’s daughter, was arrested from the Kot Lakhpat jail, Lahore on Thursday in a money laundering case while she was on her way back from visiting her father, who is lodged in the same prison, an official said. On July 31, Pakistan Muslim… Read More

US pressed Pakistan on FATF compliance during Imran Khan’s visit

The United States had repeatedly pressed visiting Prime Minister Imran Khan and his delegation, which included the powerful army chief and the ISI boss, on compliance with counter-terrorism commitments that Pakistan has given to an international body that monitors and combats financing of terrorism. Pakistan’s obligations to the Financial… Read More
4th July 2019
Pakistani authorities announced a crackdown on Wednesday against Hafiz Saeed, leader of the group blamed for deadly attacks on Mumbai in 2008, amid growing international pressure to act against militant groups. Pakistan’s counter-terrorism department said it had launched 23 cases against Saeed and 12 aides for using five trusts to… Read More
1st July 2019
WASHINGTON – Pakistan could still be placed on the blacklist of the Financial Action Task Force (FATF), a global watchdog monitoring terror financing and money laundering around the world, its president said last week. Marshall Billingslea, the president of FATF, said Pakistan could still be placed on its blacklist for… Read More
17th June 2019
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
11th June 2019
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
28th May 2019
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