Hafiz Saeed's party and foundation banned by Pak from collecting funds

     Written by : SMTV24x7 | Tue, Jan 02, 2018, 01:41 AM

Hafiz Saeed party and foundation banned by Pak from collecting funds

Mumbai attack mastermind Hafiz Saeed-led Jamaat-ud Dawa and Falah-i-Insaniat Foundation are banned by Pakistani government from collecting donations. Pakistan has claimed that Hafiz saeed's party will fund terrorism.

The Securities and Exchange Commission of Pakistan (SECP) prohibited the collection of donations by the JuD, the front organisation of banned outfit Lashkar-e-Taiba, as well as several other such organisations named in a list of banned outfits by the UN Security Council, the Dawn reported.

"The Securities and Exchange Commission of Pakistan hereby prohibits all companies from donating cash to the entities and individuals listed under the UNSC sanctions committee's consolidated list,” read a notification issued by the commission.