Pakistan has declared the Al Rasheed Trust as a suspected terrorist organisation having links to the Al Qaeda.
"The government has reasons to believe that Al Rasheed Trust was involved in terrorism," a Pakistani government notification dated August 7 said.
Its name has been put on the UN Consolidated List under the Anti-terrorist Act, 1997.
The notification follows a Sindh high court verdict holding that the federal government and not the State Bank of Pakistan had the authority to classify the organisation.
As a result of the order, the bank accounts of the organisation would not be defreezed, the Daily Times said quoting the notification.
The Sindh high court had declared on Monday that the State Bank of Pakistan's direction to freeze the accounts of the trust with the foreign exchange branch of Habib Bank was unlawful. The court also ordered Habib Bank to honour the cheques drawn on the account and make payments accordingly.
More from rediff