Two laws have been passed by a majority in Pakistan’s Upper house in light of the recommendations of the International Security Assistance Force (FATF) on terrorist financing and money laundering.
Pukhtun Nama Desk News
The meeting on Thursday voted in favor of the draft Anti-Terrorism Law Amendment 2020 and the UN Security Council Amendment Draft 2020, with a majority of votes in favor.
The draft amendment to the law states that anyone who imposes sanctions on the Security Council and does not comply with them will be liable to a fine of between Rs 1 crore and Rs 5 crore in addition to punishment.
Such a suspect’s weapons license will be revoked and no loan will be given to a person involved in terrorist financing or organization.
A fine of Rs 2.5 crore has been offered to the person suspected of lending money to the suspected terrorist and Rs 5 crore to the agency.
Opposition parties have stated they will not run in the by-elections, but they supported the government’s passage in the Senate.
The Senate session was preceded by a meeting of upper house Law and Justice Committee, which also approved changes to the law.
Pakistan’s Foreign Minister Shah Mehmood Qureshi has said that the new legislation could be shared with the FATF’s Asia division, and that Pakistan has gone through all the steps before the FATF’s recommendations and now there is nothing left to say. Pakistan is on the gray list.
The FATF will decide in October whether to stay or remove Pakistan from the gray list.