Earlier, the Pakistani Senate rejected the Anti-Terrorism (Amendment) Act Bill, 2020, passed from the lower house. This is the third bill related to the FATF, which was tabled in the upper house with a majority of the opposition.
The Pakistani Senate also rejected the Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory (ICT) Waqf Property Bill last month. These bills were part of Pakistan's exercise to come out of the FATF's 'gray' list and go into the 'white' list.
Under the 18th Amendment, if a bill passed from one House is rejected in the other House and if it is approved in a joint sitting of both the Houses, it becomes law.
The Prime Minister of the country Imran Khan attended the joint session, which was presided over by the President of the National Assembly, Asad Kaiser. He turned hostile after most of the opposition's proposed amendments to the Bills were rejected and not allowed to speak.
Khan thanked the MPs for voting in support of the bills. The Prime Minister said in Parliament that the opposition's attitude towards the Bills showed that the interests of opposition parties and their leaders were contrary to the interests of Pakistan.
He said, “Going to the black list will mean the ban will be implemented, which will collapse our economy.” We hoped that the opposition would pass the FATF bill jointly, as it would be in the interest of Pakistan, not our personal interest. '
If Pakistan is kept in the gray list, then it will be difficult to get financial support from IMF, World Bank, ADB and European Union.
Pakistan had last month banned the financial dealings of 88 banned terrorist groups and their leaders for exiting the gray list, including 26/11 Mumbai attacks leader and Jamaat-ud-Dawa chief Hafiz Saeed, Jaish- A-Mohammed's chief includes Masood Azhar and underworld don Dawood Ibrahim.