New Delhi: A new report by the Financial Action Task Force has marked Pakistan’s efforts to draw attention to the country’s failure, which is one of the recommendations of the Global Sentinel, by green shipment to the purchase efforts of equipment for its missile program, implementing measures to propagate the spread of weapons of mass destruction.The report not only shows that important components for ballistic missiles arising from China were incorrect in documents, but also associates the importer with Pakistan’s National Development Complex that handles missile production.India is likely to use the revelation in its dosier to make another push to return to Pakistan’s FATF ‘Gray List’, which identifies countries with weaknesses in its money-laundering and Terror Financing System. These countries are subjected to close monitoring and should demonstrate progress on corrective action plans. Pakistan has been on the list three times with the most recent approval of 2018 raised in 2022.In February 2020, a Chinese vessel called ‘da Kui Yun’, which was the route for Port Qasim in Karachi, was stopped at Kandla port in Gujarat. While the equipment was confiscated, the ship and its crew were allowed to leave after investigation.In its latest report, called ‘Complex Proliferation Financing and Ban theft Schemes’, FATF refers to the investigation by Indian customs. “Indian officials confirmed that the documents denied the dual -use items of shipment wrong. Indian investigators certified the item for shipment to be ‘autoclave’, which is used for sensitive high energy content and for insulation and chemical coating of missile motors,” it reads.He said, “Sensitive goods have been included in the dual-use export control lists of missile technology control, India and other courts. The loading bill of seized cargo has provided evidence of links between the importer and the National Development Complex,” he said.FATF may release a report next month in India amidst hope that it will highlight Pakistan’s inadequacy in combating terrorist financing – something that may be placed under increased monitoring in the country, and may return to the ‘gray list’.This step will be subjected to an increase in financial inquiry to Pakistan, affecting foreign investment and capital flow. India is insisting on returning to the list of Pakistan, citing its Brezen support for terrorism and failure to follow FATF criteria.
