Pakistan

Pakistan: Proposed Acquisition of J-31 Chinese Stealth Fighters

January 4, 2024

As per media reports, Pakistan is in talks with China to acquire the J-31 stealth fighter aircraft, which bears similarities to American-made F-35 and F-22 jets. If acquired, these new fighters could replace older F-16s in Pakistan’s fleet. Pakistan’s Existing ..

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$3 Billion Stand-By Arrangement (SBA) between Pakistan and IMF

July 4, 2023

The Pakistan government has reached a staff-level agreement with the International Monetary Fund (IMF) for a funding of $3 billion. The agreement is part of a nine-month stand-by arrangement (SBA) between the two parties. Pakistan was previously part of a ..

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Roosevelt Hotel

June 17, 2023

The Pakistan International Airlines (PIA) has recently leased out one of its most prized possessions, the historic Roosevelt Hotel in New York. The lease agreement, signed by PIA, will last for a period of three years, bringing a significant influx of ..

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Pakistan receives $700 million from China

February 25, 2023

The foreign exchange reserves of Pakistan fell to 2.9 billion USD. It is now slowly rising to 4 billion USD. The cash injection was the need of the moment for Pakistan. And China stepped in offering 700 million USD to ..

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Power Outage in Pakistan

January 23, 2023

More than 220 million Pakistanis were affected because of a huge power outage in the country. The country usually faces fuel shortages during winter. This mishap occurred as the National Grid went down for unknown reasons. The frequency of the ..

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Who is Abdul Rehman Makki?

January 18, 2023

Abdul Rehman Makki is a Pakistan-based terrorist who was recently listed as a global terrorist by the United Nations Security Council (UNSC) under its ISIL (Daesh) and Al-Qaeda Sanctions Committee. He has been sanctioned based on his links to the ..

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Pakistan to Implement Interest-free Banking System

November 11, 2022

The Pakistan Government is planning to implement an interest-free banking system in the country from 2027 under the Islamic law. What is interest-free banking system? The concept of interest free banking system is derived from the Islamic form of banking. ..

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Pakistan floods: One third of the country is under water

August 30, 2022

Pakistan is currently battling its worst monsoon floods in a decade, which has killed more than 1,100 people, caused more than USD 10 billion in damages and submerged nearly a third of the country. Also, the United Nations issued a ..

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