WASHINGTON: The United States and India agreed on Sunday to step up cooperation to prevent the financing of violent extremist movements linked to Pakistan, officials said.

In annual talks between top economic officials, India and the United States spoke of “expanding cooperation on countering illicit financing, including targeting the financial networks and fund-raising activities of terrorist organizations,” Indian Economic Affairs Secretary Arvind Mayaram said.

Mayaram said in a statement that efforts would target groups such as Lashkar-i-Taiba and the affiliated Jamaat-ud-Dawa, which investigators blame for the 2008 siege of Mumbai that killed 166 people.

The statement did not provide more details on how the two sides would expand cooperation. India has been seeking to pressure the group which operates virtually in the open in Pakistan.

Mayaram also mentioned action against another Pakistan-linked movement, the Haqqani network. The group, blamed for attacks on the Indian embassy and US forces in Afghanistan, was designated last year as a terrorist group by the United States.

The talks, in Washington following annual IMF-World Bank meetings, involved US Treasury Secretary Jack Lew and Federal Reserve Chairman Ben Bernanke, along with their Indian counterparts Finance Minister P. Chidambaram and Reserve Bank of India Governor Raghuram Rajan.

The two countries agreed to keep working on a bilateral investment treaty, which President Barack Obama and Prime Minister Manmohan Singh have supported as a way to boost trade.

US companies have increasingly criticized India on trade issues including the developing economy's support of generic drugs, which advocates say are affordable for the world's poor but which Western businesses say violate patents.

The two sides, who also discussed the fiscal crisis in the United States, called for “sound macroeconomic policies, structural reforms and strong prudential frameworks” to support economic growth and market stability, Mayaram said.

Opinion

Editorial

Truce tested
28 Jun, 2026

Truce tested

THE latest exchange of fire between the US and Iran reminds us once more that ceasefires are sustained not by...
Paper promises
28 Jun, 2026

Paper promises

WHAT is a UNSC resolution worth if it is never implemented? Pakistan and China felt compelled to convene an informal...
Still the masters
28 Jun, 2026

Still the masters

CRISTIANO Ronaldo and Lionel Messi do not seem to be going away quietly. At least, not yet. The duo might have left...
After the budget
Updated 26 Jun, 2026

After the budget

Though not a bad document per se, the budget for FY27 is a familiar one, and familiarity in our economic history is rarely cause for comfort.
Missing the mark
Updated 27 Jun, 2026

Missing the mark

Pakistan cannot rely on international partners to compensate for weak governance and inconsistent implementation at home.
Up in smoke
26 Jun, 2026

Up in smoke

PAKISTAN is watching an epidemic unfold as the menace of narcotic abuse hits every fourth household in Karachi ...