Moreover, just putting the leader of Jama'at-ud-Da'wah (JuD) under house arrest and expecting the worldwide community to take it as a credible action on Pakistan's part while the groups remain active on the ground, confirms that its Pakistan's ruling elite which is letting the country down rather than its global friends.
Pakistani authorities can heave a sigh of relief as the Financial Action Task Force (FATF) did not place their country on a so-called "gray list" of nations that are not doing enough to combat terrorism financing.
To some, the motivation to put Pakistan on the grey list seems more political, with the USA looking to show us that it can still exercise global muscle.
Pakistan was previously on the list for three years until 2015. The UK, France, and Germany backed it, too.
"When we saw terrorists like Hafiz Saeed be released for the sixth time from house arrest or saw charitable arms of Lashkar-e Taiba or Jaish-i-Mohammad operate freely, sometimes in front of police stations doing fund-raising exercises, it obviously raises serious concerns", Wells told Reuters. "As a outcome, the State Bank of Pakistan introduced a comprehensive set of new rules and guidelines on CFT/AML", he said.
The US and the United Kingdom had jointly moved the FATF nominating Pakistan for placement on the grey list and were subsequently joined by France and Germany, he said.
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A global money-laundering watchdog has made a decision to place Pakistan back on its terrorist financing watchlist, a government official said on Friday, in a likely blow to Pakistan's economy and its strained relations with the US.
The decision comes days after jubilant claims by Pakistan's foreign minister Khawaja Asif that Pakistan had been given a three-month reprieve following objections from China, Saudi Arabia and the Gulf Cooperation Council and Turkey.But China and Saudi Arabia withdrew their objections late Thursday.
Pakistan is trying to get back on good terms with the USA and others by speeding up steps it's taking to cut off terrorism finances. "Nothing is going to happen before June..."
Ms Alexandra Wijmenga-Daniel, a spokesman for the task force, would not comment on the news reports.
It can take action against any country by including a country in black or grey lists.
But the list of jurisdictions identified to have strategic AML/CFT deficiencies does not include Pakistan and instead lists Ethiopia, Iraq, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu and Yemen. Moreover, the fact that China and Saudi Arabia allowed India and the United States to successfully place Pakistan on the list of countries that finance terrorism means that Islamabad has yet to take significant actions to curtail infrastructure and support bases of groups which are considered a threat regionally and internationally.