In January, the Securities and Exchange Commission of Pakistan issued a notification to all companies, prohibiting them from donating money to the entities and individuals listed under the United Nations sanctions committee's consolidated list.
The ordinance promulgated by the Pakistani president amended Section 11B of the Anti-Terrorism Act (related to bans on groups) and Section 11EE (related to bans on individuals).
Resolution 1267 requires all states to freeze the assets of people and organisations on a list established by the resolution, including Saeed and his "charities".
Punjab province's law minister, Rana Sanaullah, said the central Ministry of Interior had issued a notification against Saeed's two charities, the Jamaat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF), last week.
The US and India are spearheading an effort to get Pakistan included in the watchdogs worldwide money-laundering and terror-financing grey list, the paper said.
In what could be perceived as a major jolt to 26/11 Mumbai terror attack mastermind, Hafiz Saeed, as his plans of dropping the terrorist outfit and getting into a political outfit seem to be have been cancelled by the Pakistan government. The following steps, by Pakistan comes after the Financial Action Task Force (FATF) had raised its concerns on terrorism from Pakistan and had demanded a compliance on the issue of terror funding. The amendments state that entities sanctioned by the UN Security Council will be proscribed in Pakistan on an "ex parte basis". This time too Pakistan government has taken action just days before the crucial meeting although no decision has been taken to detain Hafiz Saeed.
Amid increasing pressure from the worldwide community, Pakistan on Wednesday began seizing assets and funds belonging to Islamic charities linked to a radical cleric wanted by the US, officials said.
Ismail said Pakistan had already taken over some parts of Saeed's organisations and that he believed other FATF nations would recognise Pakistan had made serious efforts to deal with militant financing.
"We are now working with the US, UK, Germany and France for the nomination to be withdrawn", Ismail said.