Pakistan-based terror groups generating money from Hawala system, claims report

Pakistani Militant outfits generating millions of dollars for conducting their operations including extortion, smuggling and kidnapping for ransom within and outside the country, claims a new government report obtained by Pakistani media. A United States Treasury Department report on terrorist financing last year said "many militant groups in Pakistan fund their activities through proceeds from illegal businesses and charitable organizations." The report revealed that less number of money laundering cases were decided by the courts from the last couple of years, even the crime teams have seized billions of dollars from the outfits."Annual operational budget of terrorist organizations is from 5 million rupees to 25 million rupees," claims the 45-page long confidential report. The report also claimed that the Pakistani-based Lashkar-e-Taiba group, which was blamed by law enforcement for attacks in 2008 in Mumbai that killed more than 150 people, including six Americans, receives millions of dollars through funding from several humanitarian organizations within Pakistan and private donations.