Last updated on October 18, 2019
Backed by longtime ally China, Pakistan is convinced that it will prevent blacklisting over terrorism funding by an international watchdog on Friday but it won’t be entirely off the hook until it demonstrates it’s severing ties with Islamist militants, analysts and officials said.
The Financial Action Task Force (FATF) a year ago put Pakistan on a gray collection of nations with insufficient controls over terrorism funding. The team, holding a five-day assembly, will decide on Friday whether to keep that or blacklist it together with Iran and North Korea.
If blacklisted, Islamabad faces monetary consequences and financial reverses in a time when its market is confronting a balance of payment crisis.
“The principal challenge for Pakistan would be to convince the FATF it is taking full and irreversible steps against terrorist funding,” Michael Kugelman, deputy manager Asia Program in the Wilson Center think tank, told Reuters by email.
Pakistan, which communicates arch-rival India for lobbying to blacklist it, is relying on support on friendly nations such as China, Turkey, and Malaysia.
Three votes are compulsory for any nation to escape the blacklisting. Two leading government officials and also a safety staff told Reuters in a recent trip to Beijing, Pakistan’s military and civil leadership secured a promise from Chinese leaders that Islamabad wouldn’t be set on blacklist. China is presiding over the continuing FATF plenary in France.
“God willing, we are trying we get from the grey-list when you can, and that I believe that you should believe a thorough effort has been put in position,” Finance main Abdul Hafeez Shaikh told a news conference on the weekend.
If Pakistan does prevent blacklisting it’ll be only temporary relief before the FATF matches again in February, 2020.
Of the 40 recommendations, the report stated, Pakistan completely complied with just one, mostly complied with eight, partly complied with 26, and missed four parameters, which were compulsory if Islamabad desired to be eliminated from the gray list.
Islamabad says it has captured the classes’ resources, and place the militants on trials, such as the whole direction of the JuD, such as its chief Hafiz Saeed, the alleged mastermind of the Mumbai strikes in 2008, which murdered 166 people.
“My perception is that Pakistan has obtained quite real measures against terrorist finances, but provided that the country keeps ties to militant groups, worries will stay within FATF about Islamabad’s real commitment to behave,” the Wilson Center’s Kugelman explained.
Pakistani writer and analyst Ayesha Siddiqa said Pakistan was not able to fully abandon militant proxies anytime soon.
“I’d begin thinking when JeM infrastructure becomes downsized, its chief Masud Azhar is arrested and put on trial,” she told Reuters. “With Afghanistan still brewing, I do not believe we are near to cleaning our home.”