ISLAMABAD: An international monitoring agency will assess Pakistan’s efforts to tackle terror financing, among other “key issues,” during a five-day virtual meeting that began in Paris, France, on Monday.
The Financial Action Task Force (FATF), a global money-laundering and terror financing watchdog, will also discuss measures to strengthen international action against the “financial flows that fuel crime and terrorism.”
“The FATF will finalize key reports on money laundering and environmental crime, ethnically and racially motivated terrorist financing...,” it said in a statement on Monday.
“It will finalize its second 12-month review of the implementation of revised FATF standards for virtual assets and virtual asset service providers, and guidance on proliferation financing risk assessment and mitigation,” it added.
The results of the FATF plenary will be published on Friday.
Pakistan was placed on FATF’s gray list of countries with inadequate control over curbing money laundering and terrorism financing in 2018.
In February last year, the FATF said Pakistan had until June 2020 to improve its anti-terrorism financing measures – the second four-month extension given to Pakistan to implement the agreed action plan.
Earlier this month, on June 4, Pakistan’s Finance Ministry quoted the Asia Pacific Group’s (APG) results on money laundering, which said that: “Pakistan has achieved compliant/largely compliant rating in 31 out of 40 FATF Recommendations in Technical Compliance.”
“These results prove the sincerity, along with the resolve of the government in complying with FATF requirements...and are a manifestation of a whole of government approach adopted to achieve the same,” the foreign ministry statement said.
It added that an “upgrade of 21 recommendations within this short time remains unprecedented in FATF history.”
Pakistan has also submitted re-rating requests to the APG on four more recommendations for its next follow-up report, which is under review.
“As a result of this substantial progress, the APG has decided to move Pakistan from enhanced (expedited) to enhanced follow-up; and Pakistan will continue to report back to the APG on progress to strengthen its implementation...of measures,” the statement said.
Pakistani efforts against terror funding on agenda as FATF begins virtual meet
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Pakistani efforts against terror funding on agenda as FATF begins virtual meet
- Global watchdog will also discuss key issues to strengthen action against financial flows that “fuel crime and terrorism”
- Pakistan was placed on FATF’s gray list of countries with inadequate control over curbing money laundering and terrorism financing in 2018
Pakistan says five killed, no information on missing as search ends in Greece boat tragedy
- Report in Geo News says at least 40 Pakistanis killed in migrant boat tragedy off Greek island of Gavdos last week
- Six cases filed against suspects accused of facilitating transport of victims from Punjab to Libya where they boarded boats
ISLAMABAD: Pakistan’s mission in Greece said on Thursday five Pakistanis had been killed in a migrant boat tragedy off the Greek island of Gavdos last week but it had “no concrete information” on how many of its nationals were missing.
The latest incident of the boat capsizing highlights the perilous journeys many migrants undertake due to conflicts and lack of economic opportunities in their home countries.
In 2023, hundreds of migrants, including 262 Pakistanis, drowned when an overcrowded vessel capsized and sank in international waters off the southwestern Greek coastal town of Pylos. It was one of the deadliest boat disasters ever recorded in the Mediterranean Sea.
A report in Pakistan’s Geo News on Thursday said at least 40 Pakistanis had been killed in the latest tragedy, quoting the embassy in Athens.
“So far, we have information of five dead Pakistanis and another 47 who have been rescued. No concrete information of missing persons is with us, and this is the final information available at this time,” an official at Pakistan’s mission in Greece told Arab News over the telephone, declining to be named.
“We are in contact with the authorities who have concluded their special search operation.”
The official added that regular patrolling would continue, and Greek authorities would inform the mission if any new information became available. He declined to comment on the Geo News report and referred Arab News to the foreign office.
Speaking to Arab News, Foreign Office Spokesperson Mumtaz Zahra Baloch said the government had already released death toll figures and had no further information.
“We cannot comment on people’s statements or claims regarding how many Pakistanis were on board until we receive evidence from the investigation,” she said in response to a question about the Geo News report that 40 Pakistanis were feared dead. “It is difficult to verify the claimed figure, as there was no official record of their travel.”
On Wednesday, Prime Minister Shehbaz Sharif ordered strict measures to combat human trafficking and demanded a detailed report on human trafficking incidents involving Pakistani citizens this year.
Separately, the Federal Investigation Agency (FIA) has filed six cases against suspects accused of facilitating the transport of victims from Punjab to Libya, where they were subsequently sent on boats to Greece.
Greece was a favored gateway to the European Union for migrants and refugees from the Middle East, Africa and Asia in 2015-2016, when nearly 1 million people landed on its islands, mostly via inflatable dinghies.
Incidents with migrant boats and shipwrecks off Crete and its tiny neighbor Gavdos, which are relatively isolated in the central Mediterranean, have increased over the past year.
Pakistan calls for transport connectivity, trade corridors between D-8 developing nations
- PM Sharif is in Cairo to attend Eleventh Summit of D-8 countries, hold bilateral meetings with world leaders on forum’s sidelines
- Pakistani PM will also and attend a special meeting on the ongoing conflict in the Middle East with a focus on Palestine and Lebanon
ISLAMABAD: Pakistani Prime Minister Shehbaz Sharif on Thursday called for better transport connectivity and trade corridors between member states from the D-8 developing group of nations to boost regional trade and economic cooperation.
Sharif arrived in Cairo on Wednesday to lead the Pakistan delegation at the Eleventh Summit of D-8 countries, hold bilateral discussions with multiple world leaders on the sidelines of the forum and attend a special meeting on the ongoing conflict in the Middle East, with a focus on Gaza and Lebanon.
The D-8 grouping promotes economic and development cooperation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Türkiye. Key areas of cooperation are agriculture, trade, transportation, industry, energy and tourism.
The bloc’s latest summit is themed “Investing in Youth and Supporting SMEs: Shaping Tomorrow’s Economy.”
“Connectivity is a force multiplier and is rightly hailed as a vehicle for peace and prosperity,” Sharif said as he addressed the summit. “We need to explore the possibilities of developing and enhancing transport connectivity among D-8 member states for building efficient intra-trade corridors and reliable supply chains.
In this regard, the Pakistan, Iran and Turkiye corridor is an excellent project for very efficient connectivity.”
The Islamabad-Tehran-Istanbul Road Transport Corridor is a cross-border trade initiative aimed at improving road transport links and providing more efficient movement options for goods between South Asia, the Middle East and Europe.
Pakistan naval chief holds defense cooperation, regional security talks during visit to Oman
- Oman is the nearest Arab country to Pakistan, because of which they share a maritime boundary
- Last week, the Pakistan navy conducted joint naval exercises and drills with the Royal Oman ship ‘Alseeb’
ISLAMABAD: Pakistani naval chief Admiral Naveed Ashraf is on an official visit to Oman to discuss defense cooperation, smuggling and regional maritime security, the military’s media wing said on Thursday.
Oman is the nearest Arab country to Pakistan, because of which they share a maritime boundary. Pakistan shares a unique ‘blood bond’ with Oman, one third of whose population originates from Pakistan’s Balochistan province, while the southwestern port city of Gwadar, which is 200 nautical miles from Oman, was transferred to Pakistan in 1958, before which it had remained gifted to the Sultan of Oman for 175 years.
“During the meetings, the security situation in the Indian Ocean and joint defense cooperation were discussed,” the military’s media wing said after Ashraf had separate meetings with the minister of the Royal Office of the Sultanate of Oman, and the commanders of the Omani Royal Navy and National Defense College.
“Naval Chief highlighted the role of Pakistan Navy in preventing piracy and smuggling,” the statement said. “Pakistan Navy is a strong supporter of promoting maritime security in collaboration with other regional countries.”
Last week, the Pakistan navy conducted joint naval exercises and drills with Royal Oman ship ‘Alseeb.’ The bilateral naval exercise, “Samar Al-Tayeb,” is conducted regularly between the navies of the two nations.
Asian Development Bank approves $7.5 million to boost health care in Pakistan’s northwest
- Funds will aid in revamping hospitals, improving service delivery, modernizing equipment across secondary health facilities
- The ADB has committed over $52 billion to Pakistan, one of its founding members, since 1966 in public, private sector loans
ISLAMABAD: The Asian Development Bank (ADB) has approved $7.5 million to enhance health care systems in Pakistan’s northwestern Khyber Pakhtunkhwa province, Pakistani state media reported on Thursday.
The funds will support the mega project of revamping of Non-Teaching District Headquarters hospitals across the province, the Radio Pakistan broadcaster reported.
“It would also improve service delivery, and modernize equipment across secondary health care facilities,” the report read.
The regional development bank has committed over $52 billion to Pakistan, one of its founding members, since 1966 in public and private sector loans, grants and other forms of financing to promote inclusive economic growth in the country.
On Dec. 14, Pakistan signed a loan agreement with the ADB for the Integrated Social Protection Development Program additional financing amounting to $330 million.
India to play Champions Trophy on neutral ground, not Pakistan
- In return, Pakistan will also play upcoming ICC tournaments hosted by India in other countries, yet to be decided
- The agreement will extend to ICC Women’s Cricket World Cup 2025 hosted by India, ICC Men’s T20 World Cup 2026
KARACHI: India will play next year’s Champions Trophy matches on neutral ground after refusing to visit tournament host and arch-rival Pakistan, the International Cricket Council said Thursday following weeks of wrangling.
In return, Pakistan will also play upcoming ICC tournaments hosted by India in other countries, yet to be decided.
“India and Pakistan matches hosted by either country at ICC Events during the 2024-2027 rights cycle will be played at a neutral venue, the ICC Board confirmed,” said a statement released by the body.
“This will apply to the upcoming ICC Men’s Champions Trophy 2025 (hosted by Pakistan).”
The agreement will extend to the ICC Women’s Cricket World Cup 2025 hosted by India, and the ICC Men’s T20 World Cup 2026 hosted by India and Sri Lanka, the statement added.
The announcement ended a month-long stand-off over the Champions Trophy, after India told the ICC it will not send its team to Pakistan because of security fears and political tension.
Pakistan did, however, play in India during the 2023 ICC World Cup hosted there.
