
India on Sunday congratulated China on its election as vice-president of the global money laundering watchdog the Financial Action Task Force
Arguably, the situation at the FATF meeting was another chance to send a message to Islamabad that if Pakistan continued to stick with its policy of inaction, the country will not only face significant isolation internationally but should also expect China's opposition.
A Chinese foreign ministry's spokesperson said on Tuesday that China highly valued Pakistan's active measures to strengthen financial supervision and crack down on terrorist financing and asked the global community to objectively and justly view and evaluate Pakistan's efforts in the field of worldwide anti-terrorism instead of accusing Pakistan of bias with prejudice.
After the meeting of FATF in Paris, reports said Pakistan will be included in the list in June this year. It represented another blow to the worsening relationship between the uneasy allies, who have long differed on how to combat militants waging war in Afghanistan. Despite rising growth on the back of improving security and China's vast infrastructure investment, Pakistan's economy has come under renewed stress during the past year.
It's unclear whether China's policy of holding direct talks with Baloch militant groups has Pakistan's official approval.
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"Now that the news from the just-concluded round of meetings of the Financial Action Task Force held in Paris has been digested, it is important to focus on the fact that two countries that we are repeatedly told to think of in brotherly terms China and Saudi Arabia both abandoned Pakistan during the proceedings, opening the way for the motion advanced by the USA to grey list the country's financial system", an editorial in Dawn said. Diplomatic and Pakistani government sources say Pakistan fended off a US-led motion on Tuesday as Turkey, China and the Gulf Cooperation Countries (GCC) countries objected to it. The officials blame Saeed for the 2008 Mumbai attacks, which killed 166 people.
China, Turkey, and Saudi Arabia, which during the initial phase of the meeting resisted US pressure to place Pakistan on the list of states that lack effective regulations to combat terrorism financing, withdrew their support during the final phase, allowing the motion to go through successfully.
That saw Pakistani foreign minister Khawaja Asif confidently tweet last week that Pakistan had avoided being grey-listed.
Previously today, resources informed TOI that one more negotiating factor Washington made use of in obtaining Beijing to drop its assistance for Pakistan was promising assistance to obtain China right into a leading setting in the FATF.
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