India reminds Pakistan of deadline to curb terror funding

Islamabad : Hours after global watchdog issued a warning to Pakistan to curb terror financing by October or face consequences, India also released a statement that it expects Islamabad to take "credible, verifiable, irreversible and sustainable measures" to address concerns related to terrorism and terror funding.

The Financial Action Task Force (FATF) on Friday warned that Pakistan may get blacklisted if it fails to come up with an "action plan" against UN-designated terrorists operating on its soil by October.

Foreign Ministry spokesperson Raveesh Kumar said that the global watchdog has decided to continue to keep Pakistan on its "grey list" for its failure to complete the action plan items due in January and May this year.

"We expect Pakistan to take all necessary steps to effectively implement the  FATF Action Plan fully within the remaining time frame i.e. by September 2019 in accordance with its political commitment to the FATF and take credible, verifiable, irreversible and sustainable measures to address global concerns related to terrorism and terrorist financing emanating from any territory under its control," Raveesh Kumar said this morning.

Since June 2018, Pakistan has been on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terrorism financing.