Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Pakistan not doing much to stop terror financing, says British researcher

Copy URL
Embed

As Financial Action Task Force (FATF) has asked Pakistan to take stern action against fund flows to terrorists to be out of Grey List, a British researcher believes it can’t do much to stop terror financing. Recently speaking to ANI, Mathew Garrod, a lecturer at University of Sussex said that he cannot see any short term solution to this problem adding that there is least ability in Pakistan government to come out with a solution to this. The Paris-based inter-governmental body, FATF noted that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e-Mohammad, responsible for a series of attacks in India. Garrod asserted that the problems of terror financing had been over looked from many years and it has been recently that the international community and the Security Council have woken up to address this issue. The researcher believes some of the terrorist groups and individuals have close alliances and links with the people in Pakistan and the army. It forces the law enforcement agencies to act against these groups. The mushrooming of terrorist groups at Pakistan-Afghanistan border poses security concern not only in South Asia but to the entire world. Pakistan’s presence in the grey list makes it difficult for the country to get financial aid from the International Monetary Fund, the World Bank and the European Union, adversely impacting its economy. The Feb 2020 deadline set by FATF is critical and Pakistan will be blacklisted if it fails.

Join market mavens on 22 Nov to discuss how India can beat economic slowdown & reach $5 Trillion economy mark at ETMarkets Global Summit. Book your seats today
1077views
Have something to say? Post your comment

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service