Terror funds: China bails out Pakistan again

China again bailed out Pakistan, which was close to being put on a watch-list by an international organisation for its failure to curb flow of funds to terrorists.

Pakistan got a reprieve from the Financial Action Task Force (FATF), an intergovernmental organisation coordinating global efforts to combat money laundering and terror financing, which failed to reach a consensus on a proposal for "grey-listing" the country for its lack of adequate measures to squeeze flow of funds to terrorists.

The FATF, which commenced its plenary in Paris last Sunday, deferred its decision on the proposal for three more months and asked for another report on the measures initiated by Pakistan government to make its legal regime and law-enforcing machinery more effective to curb flow of funds to terrorist outfits.

Sources in New Delhi told DH that China had played a key role in blocking consensus at the FATF plenary on the US-sponsored proposal for "grey-listing" Pakistan.

China has bailed out Pakistan in international forums in the past.