Pakistan sanctions Taliban to avoid global finance blacklist

ISLAMABAD: Pakistan has issued sweeping financial sanctions against Afghanistan’s Taliban, just as the militant group is in the midst of US-led peace process in the neighboring country.

The orders identified dozens of individuals, including the Taliban’s chief peace negotiator Abdul Ghani Baradar and several members of the Haqqani family, including Sirajuddin, the current head of the Haqqani network and deputy head of the Taliban.

The list of sanctioned groups included others besides the Taliban and were in keeping with a five-year-old United Nations resolution sanctioning the Afghan group and freezing their assets.

The orders were issued as part of Pakistan’s efforts to avoid being blacklisted by the Financial Action Task Force, which monitors money laundering and tracks terrorist groups’ activities, according to security officials who spoke on condition of anonymity because they were not authorized to speak to the media.

Last year the Paris-based group put Islamabad on a grey list. Until now only Iran and North Korea are blacklisted, which severely restricts a country’s international borrowing capabilities. Pakistan is trying to get off the grey list, said the officials.

There was no immediate response from the Taliban, but many of the group’s leaders are known to own businesses and property in Pakistan.