Pakistan gains over Rs 100 billion to get rid of grey
list

August 17, 2023

LAHORE: The Intelligence Bureau (IB) has
shared 47 highly sensitive financial reports and 91 most important financial
intelligence information with anti-money laundering agencies to remove Pakistan
from the FATF’s grey list.

Church attacks at Faisalabad, 16Aub2023

 This has been revealed in
the report of “Critical Economic Security Operations 2022-23”.

According to documents obtained
by Jang, on the demand of FATF, the Intelligence Bureau provided sensitive
information and evidence to the Financial Monitoring Unit, FIA, State Bank of
Pakistan, FBR, NACTA, Ministry of Foreign Affairs, Security Exchange Commission
of Pakistan and Prime Minister’s Office regarding anti-money laundering and
terrorist financing. 

The IB has identified 187
suspicious currency exchanges across the country which have made suspicious
transactions worth crores of rupees through hawala hundi.

 The banned terrorist
organizations TTP, Balochistan Liberation Army, Balochistan Liberation Front, and Tehreek-e-Taliban Swat collected Rs 579 million on the occasion of last
Ramadan and Eid-ul-Azha, while the banned terrorist organizations received
a large amount of money through extortion, extortion, and kidnapping for ransom
for terrorist activities.

 The IB, along with other
law enforcement agencies, carried out intelligence-based operations in which
Rs4.78 billion was recovered and used for money laundering and terrorist financing.

An attempt to smuggle a large
quantity of gold, jewelry, and arms out of Pakistan through the Torkham border
was foiled in operations led by IB officials.

 The IB also provided the
names of 29 prominent political figures and 89 top government officials
involved in smuggling petrol worth billions of rupees from Iran to Pakistan.

On the information and
identification of IB, 417 intelligence-based operations were carried out
against 592 wheat hoarders, and in the operations, 90,147 metric tons stored for
smuggling to Afghanistan were recovered, which was a major success against
rising prices and smuggling of flour in the local market, which played an
important role in food security and economic stability.

The action was taken against 259
corrupt officers of the Food Department on the basis of the intelligence bureau’s direction. 

The IB conducted successful
operations against sugar hoarders during 2022-23, from which 12,409 metric
tonnes of sugar were exported. The action was taken against 405 fertilizer hoarders
and 64 smugglers, which foiled an attempt to make fertilizer worth billions of
rupees in Afghanistan. Due to the abundance of fertilizer in the country, the
prices could not increase and fertilizers were available to the farmers at
reasonable rates.

Hina Parvez but formal MPA PMLN, The Green Revolution will come now!

Due to these operations and their
recoveries, the Pakistani economy benefited more than 100 billion rupees, on
the basis of IB reports, the country’s largest intelligence-based operation was
launched against human traffickers across the country, as a result of which
human trafficker Fateh son of Zahir Shah, who runs the largest network of human
trafficking, was arrested. Toor was involved in sending to Europe and on which
hundreds of cases were registered. According to sources, DG IB Fawad Asadullah
formed a special team under his leadership to prepare these sensitive reports
and complete the task.

FATF Plenary 2023, Investment Sector Development