Three religious organisations immediately banned in Pakistan: SECP sources
Shares
ISLAMABAD: The Securities and Exchange Commission of Pakistan has banned three organisations including Jamaat-ud-Dawa, from collecting funds, according to sources.
Sources said that per a notification issued by SECP the organisations on which ban has been imposed include Lashkar-e-Taiba and JuD's charitable arm Falah-e-Insaniyat Foundation.
Earlier in the day, it was reported that the government decided totake over the assets and charities linked to JuD chief Hafiz Saeed. It was said that the decision was taken in a recent meeting on national security.
According to the plan, the ambulance services of the organisations are to be taken over and their funding sources uncovered in the first phase.
Sources revealed that the Punjab government will run the projects of JuD.
Muridke Markaz is also going to be handed over to the government and its name changed as well, sources stated further.
The Federal Board of Revenue and State Bank will scrutinise funding, assets of both organisations, sources informed.
