Friday, July 10, 2020
Array

India should avoid blaming Pakistan without evidence: Mian Zahid

Featured

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on...

Trump attends a graduation ceremony for officers, amid disputes with the Pentagon

US President Donald Trump is taking part in a ceremony to hand over certificates at the prestigious West Point...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain said that Pakistan is 3rd most affected country by terrorism in the world, which has lost 6 thousand armed personals, 70 thousand civilians and $ 120 billion to the economy. Terrorism in the country has reduced by 70 percent given to the military operations Zarb e Azb and Raddul Fasad for which civil military leadership is appreciated. Pakistan has taken solid measures to avoid FATF’s blacklisting and banned suspicious outfits and people.

The Veteran Business Leader while talking to the business community said that Pakistan’s delegation under the leadership of secretary finance Arif Ahmed Khan is present in Paris to attend the ongoing meeting from 18 – 22 February to respond to five important questions raised on insist of India. Pakistani institutions have stopped 8500 suspicious transactions till September 2018, which is 75 percent higher than that of the corresponding year. Pakistan enhanced the role of modern technology against terror financing, money laundering and smuggling which FATF itself acknowledged in a meeting held in January 2019.

The Former Minister said that India has started blaming Pakistan for Palwama incident without any evidence and its media is constantly busy in lobbying against Pakistan. Prime Minister Imran Khan has deliberately offered assistance on the basis of concrete evidences; his speech on the incident was voice of nation wherein he strongly condemned the Indian media and government blaming Pakistan for terror attacks.

Mian Zahid Hussain said that Pakistan has formed several laws and implemented new regulation to fight terror financing and money laundering but political support is vital to avoid black listing by FATF from the friendly countries including China, Saudi Arabia, UAE and EU as US and India are strongly in efforts of blacklisting Pakistan.

Mian Zahid Hussain said that economic challenges of Pakistan will be increased further if Pakistan is included in the FATF blacklist. Multilateral monitory institutions including IMF, WB and ADB will stop financing, interest rate will rise and FDI will be adversely affected given to shaking investors’ confidence. The Govt. should look for all possible measures to avoid blacklisting.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

Flocking together gurus of a feather

Dr. Pervez Hoodbhoy and LUMS Management are the focal points of discussion by the concerned academic circles home and...

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some symptoms, which was a positive...

PIA flight from Toronto to Islamabad will operate on 5 July 2020

PIA flight from Toronto to Islamabad will operate on 5 July 2020. Another PIA flight will operate from Toronto to Lahore on 10 July...

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing job offers from the foreign...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

Related News