US sanctions on two Pakistani trust funds

US sanctions on two Pakistani trust funds
Updated on

Summary

The US Treasury had imposed sanctions on two high-profile Pakistani trust fund chiefs allegedly linked to terrorist organization Al-Qaeda.Mohammed Mazhar, director of Al-Akhtar Trust, and Mufti Abdul Rahim, leader of Al-Rashid Trust, both Pakistani charities whose assets under US jurisdiction were frozen, the Treasury. All American firms have also been prohibited from engaging in any transactions with them.Mazhar was accused of supporting the Al-Qaeda terror network and the Taliban militant group while Rahim was charged with funding the Taliban.