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FATF: Pakistan to remain on “Grey List”
On October 24, 2020, the Financial Action Task Force voted for Pakistan to remain under “grey list” of the organisation. The decision was taken as Pakistan failed to comply with all the 27 parameters set by the FATF. It has ..
Month: Current Affairs - October, 2020
Grey list trouble: Pakistan approves four FATF-related bills
The lower house of the Parliament of Pakistan unanimously passed four bills related to the tough conditions set by the global money laundering and terrorist financing watchdog FATF. Earlier, two such bills were passed in July and another one was ..
Month: Current Affairs - August, 2020
India rejects the new political map unveiled by Pakistan
India has outright rejected the new political map unveiled by Pakistan that laid claim to the Indian territory of Jammu and Kashmir and Ladakh, both UTs, and also parts of the Indian state of Gujarat. The government has termed it ..
Month: Current Affairs - August, 2020
$250 Million Loan Extended by AIIB to Pakistan for COVID 19
The Asian Infrastructure Investment Bank (AIIB) has extended the loan of $250 million to Pakistan in order to enable it to deal with the prevailing situation due to the COVID 19 pandemic. This program is going to be co-financed by ..
Month: Current Affairs - July, 2020
Wagah Border reopened by Pakistan for Afghan Exports
Pakistan government has resumed the Afghan exports through the Wagah Border crossing as part of the Pakistan-Afghanistan Transit Trade Agreement. Pakistan had already opened the Pak-Aghan Border at Torkham and Chaman round the clock for six days a week, in ..
Month: Current Affairs - July, 2020
TPPA of USD 2.4 Billion Signed by Pakistan with China for Hydro Power Project in Pakistan Occupied Kashmir
On 25th June 2020, a Tripartite Power Purchase Agreement (TPPA) was signed for the construction of the 1124 MW Kohala Hydro Power Project. The agreement was signed in between the Government of Pakistan, Chinese Company- China Three Gorges Corporation (State-owned ..
Month: Current Affairs - June, 2020
Pakistan gets another extension on FATF Grey List despite failure to act against terror groups
During the 3rd & and the last Plenary and Working Groups Meeting of the Global anti-money laundering watchdog Financial Action Task Force (FATF) for the current FATF plenary year on 24th June 2020, Pakistan again managed to escape from entering the ..
Month: Current Affairs - June, 2020
Foundation Stone Laid for the First Hindu Temple in Pakistan’s Capital
On 23rd June 2020, the foundation stone for the first Hindu Temple in Pakistan’s capital city Islamabad was laid. The temple is the first to be constructed in Islamabad since the Independence of Pakistan. The temple will be devoted to ..
Month: Current Affairs - June, 2020