ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal on Thursday said that foreign investment in Pakistan will suffer if the country is put on a global terrorist-financing watch-list. The minister further said that the United States (US) is forcing other countries to join the motion, adding that foreign investors will be reluctant to spend money in the country if this happens, he added. The United States has put forward a motion to place Pakistan on a global terrorist-financing watch-list with an anti-money laundering monitoring group, according to a senior Pakistani official. The United States has been threatening to get tough with Islamabad over its alleged ties with militants, and last month President Donald Trump’s administration suspended aid worth about $2 billion. A meeting of FATF member states is due to take place next week in Paris, where the organisation could adopt the motion on Pakistan.

Source: Pakistan Today February 15, 2018 07:18 UTC