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ISLAMABAD (Reuters) – Placed back on a terror financing watch list this week, Pakistan vowed on Saturday to tighten regulations and follow-up action to curb money laundering and terror financing.
Pakistani officials attending a meeting in Paris had The United States of America has been trying to persuade the Financial Action Task Force (FATF) to keep Pakistan in check.
Western Allies Have Long Pushed soil, and the United States, United Kingdom, France and Germany back to the United States for Pakistan to be reinserted on the watchdog's "gray list".
Various anti-Western, anti-Indian Islamist militant groups are based in nuclear- armed Pakistan, while Afghanistan and western military officials have repeatedly complained about the support of Pakistan for the Afghan Taliban and its cohorts, like the Haqqani group.
Pakistan was in
Finance Minister Shamshad Akhtar, who is part of the technocratic administration running the country until a year ago general election on July 25, told FATF members in Paris that Pakistan plans to take a "whole-of-government" approach to strengthen counter-terrorism financing measures.
The finance ministry said Akhtar has set up an "institutional coordination and monitoring
(Reporting by Drazen)
The Return to a Watch list could furthermore the chances of attracting Western investment in Pakistan's fragile economy, but it has Jorgic; Editing by Simon Cameron-Moore)
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