The US and India are spearheading an effort to get Pakistan included in the watchdog's global money-laundering and terror-financing "grey list", reports said.
The interior ministry ordered authorities to take over "assets (moveable, immoveable and human resource) associated with" two of Hafiz Saeed's organisations, according to a notifcation that was obtained by AFP and dated to Saturday.
A meeting of FATF member states is due to take place next week in Paris, where the organization could adopt the motion on Pakistan. To prepare legal grounds for action against Saeed's network, the government had amended the country's anti-terrorism law last Friday through a presidential ordinance.
Following orders by the Punjab government, district administration of Rawalpindi took control of a seminary and four dispensaries run by Saeed-linked Jamaat-ud-Dawa (JuD) and Falah-i-Insaniat Foundation (FIF).
Aslam said he did not have an exact number of offices and seminaries involved in the asset seizure but data was being compiled in all four districts of Rawalpindi division and he expected full details of the assets. He said he will challenge the "illegal" action in court.
Government took control of Madrassas and dispensaries.
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Adviser to Prime Minister on Finance and Revenue Miftah Ismail, on this major development, told worldwide media that Pakistan was trying to convince Germany, France, USA and United Kingdom to withdraw its plan of moving motion seeking inclusion of Pakistan to the grey-list.
"We are now working with the US, UK, Germany and France for the nomination to be withdrawn", Ismail said, speaking by telephone from Europe.
However, another top official said that United Nations (UN) team had visited Pakistan in January 2018 in order to evaluate Islamabad's performance for complying with UN Resolutions of 1267 for curbing terror financing.
Pakistan has recently taken several actions against the entities banned by the UN.
"If Pakistan was downgraded and put into grey list, it will have negative repercussion on the country's credit ratings".
Pakistani officials and Western diplomats say that being put on the FATF watch list could deal a blow to Pakistan's economy as it would make it harder for foreign investors and companies to do business in the nuclear-armed South Asian nation. "We are in touch with over 30 countries in this regard (to block the move)", he said. The FATF, an intergovernmental body based in Paris, sets global standards for fighting illicit finance. Pakistan was last placed on FATF's grey list in February 2012 and stayed on it for three year.