India, US working together to isolate Pakistan at key Paris meet

US approaches FATF to put Pak on global terrorist financing watch list

This will be harder for foreign investors to spend money in the country, he added.

Federal Finance Minister Miftah Ismail told a news agency that the countries submitted the move with FATF a few weeks ago, adding that efforts were being made to persuade these countries to withdraw the nomination.

The motion against Pakistan could be adopted at the FATF meeting scheduled to take place in Paris from February 18 to 23.

"We are now working with the U.S., UK, Germany, and France for the nomination to be withdrawn".

Pakistan is not complying with the UN Security Council resolutions on sanctions against terrorists, the United States has said amid reports that it is spearheading an effort along with India to get Islamabad included in an worldwide terrorist-financing watchlist. In February 2012, Pakistan was placed last on FATF's grey list and stayed on it for 3 years.

"It is time for that to stop, and so we are working with our allies, who also are affected, to see effective action against groups such as the Haqqanis and elements of the Taliban", a senior official told Reuters.

State Department spokeswoman Heather Nauert said "the US has consistently expressed our long-standing concern about ongoing deficiencies in Pakistan's implementation of its anti-money laundering/counterterrorism finance regime".

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Last Friday, President Mamnoon Hussain approved an ordinance amending the Anti-Terrorism Act, 1997, tightening a noose around terrorist individuals and organisations listed by the United Nations Security Council.

Saeed, the mastermind of the 2008 Mumbai terror attack, heads the charity JuD, believed to be a front for Lashkar-e-Taiba (LeT) terror group. Saeed is reportedly the focus of the motion introduced by the US and United Kingdom.

The promulgation of the ordinance will make it possible to proscribe terror outfits and individuals such Saeed's JuD and Falah-i-Insaniat Foundation (FIF) and thus end the inconsistency by bringing terror entities now listed by Islamabad and entities who are on the UNSC list on the same page.

This is probably for the first time that the U.S. has come out in the public accusing Pakistan of not in compliance with the resolutions of the UN Security Council.

"We have to march with the changing times", Ausaf said, adding that the new laws would enable the government to track fundraising activities of all the United Nations -proscribed groups and take punitive action such as freezing their assets. His organisations, the Jamaat-ud-Dawa and the Falah-e-Insaniyat were just frontal outfits of the Lashkar-e-Tayiba. Critics say previous such efforts have faded once pressure on Pakistan eased. If passed, it would declare Pakistan to be in non-compliance with global terrorist financing regulations, specifically because it has not taken necessary steps to interrupt the flow of money to extremist groups.

The minister said that other countries are also being forced by USA to join the motion as a part of a conspiracy against Pakistan.

"It's a very intrusive process and.we are happy to work with them, but while we are being given mutual evaluation, it makes no sense for us to be now put on the watchlist", Ismail said.

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