General and Mixed Information About Pakistan

Option: A
Explanation :Malik Riaz pakistani businessman has agreed to hand over £190 million to UK investigators. The £190 million settlement is the result of an investigation by the National Crime Agency into Malik Riaz Hussain, whose business is one of the biggest private-sector employers in Pakistan.
Investigators of National Crime Agency (NCA) secured nine freezing orders covering £140 million in funds in UK bank accounts. The NCA has accepted a settlement offer of around £190 million which includes a UK property, 1 Hyde Park Palace, valued at approximately £50 million and all of the funds in the frozen accounts.
According to announcement agreement had been reached with Malik Riaz to hand over the cash and ownership of the exclusive address, which overlooks Hyde Park. The assets will be given to the government of Pakistan.

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Option: B
Explanation :In 80s some companies in USSR were importing textile products from Pakistan. So, USSR opened two bank accounts in the National Bank of Pakistan (NBP). The Economic Affairs Division (EAD) deposited funds in these bank accounts through the State Bank of Pakistan (SBP). After the collapse of the USSR, numerous exporters didn’t get paid. The Pakistani companies claimed to have paid large sea freight fees for the unshipped goods.
Pakistan’s ambassador to Russia will sign the agreement, under the agreement Russia will get the pending $93.5 million within 90 days, while exporters and companies will receive $23.8 million as agreed.
After this agreement, Russia will go ahead with its plan of investing $8 billion in different energy projects and Pakistan Steel Mills. Russia was unable to invest in Pakistan during the dispute since Russian laws prohibit investment in countries with pending disputes.

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Option: A
Explanation :The World Bank has ranked Pakistan among the top 20 reformers in the world on the Ease of Doing Business. With continuous efforts in this direction, the country has significantly improved the business environment in the country, which is why it has been named among the top performers in the world.
A recent report by the World Bank has mentioned a series of initiatives taken by the country towards facilitating the business community.
It recognizes that Pakistan has improved in six areas including online tax payment system, availability of electricity, easy registration of property and issuance of construction permits, and tariff changes.

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Option: A
Explanation :The Public Accounts Committee (PAC) of Balochistan has directed the Federal Investigation Agency (FIA) to bring back teachers of Balochistan University who went abroad for higher studies and never returned.
A university official informed the committee that over 60 teachers had gone to various countries for their Ph.D. and 13 haven’t returned yet. “The university spent Rs. 10.5 million on each teacher for their Ph.D., but has only received a security bond of half a million rupees only,” he added.

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Option: D
Explanation :Reko Diq has large gold and copper reserves in Balochistan’s Chagai district. They are reportedly the world’s fifth-largest gold reserves with total mineral resources of $5.9 billion tonnes.
The Balochistan government has asked large local investors to form a consortium to invest in the Reko Diq copper and gold mining project. Chief Minister Balochistan, Jam Kamal Khan, said this while speaking with senior journalists at the Punjab Governor’s House on 30-09-2019.
CM Kamal said that their priority was to convince Pakistani investors to look into this project. He maintained that neither the provincial nor the federal government has the finances to develop this project.

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Option: C
Explanation :Bill and Melinda Gates Foundation will provide Pakistan $200 million for the implementation of ‘Ehsas Program’ next year. A Memorandum of understanding was signed by both parties in a meeting held in New York 26-sep-2019.
Prime Minister Imran Khan, Dr. Sania Nishtar, Special Assistant to the Prime Minister of Pakistan on Poverty Alleviation and Social Protection, Bill Gates co-chair of the Bill & Melinda Gates Foundation, and Chris Elias president of global development Bill & Melinda Gates Foundation, participated in a bilateral meeting on the future of Ehsaas, a collaboration to put funding, technical assistance, and the help of global experts toward improving health, nutrition and financial inclusion in Pakistan. According to the agreement, the amount will be spent upon 134 poverty alleviation projects.

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Option: D
Explanation :The Federal Board of Revenue (FBR) has collected over Rs. 960 billion during the first quarter (July-September) of 2019-20, which is 90% of the target for the quarter said Syed Shabbar Zaidi, Chairman FBR on Monday 30-sep-2019.
FBR’s collection increased by 14.83% as compared to Rs. 836 billion in the same period of 2018-19.
The revenue collection during September 2019 stood at Rs. 380 billion compared to Rs. 323 billion in September 2018, showing a growth of 17.64 percent.

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Option: A
Explanation :Sindh has announced a complete ban on the use of plastic bags in the province from 1st-October-2019. A notification issued from the Environment Climate Change & Coastal Development Department, says that there will be a blanket ban on manufacturing, sale, and usage of non-degradable plastic bags in Sindh.
It said that companies manufacturing Oxo-biodegradable bags will be allowed to continue producing bags of limited sizes. The provincial government had announced a ban on plastic bags early in August. It had given a two-month notice to shift to biodegradable bags. Adviser to Chief Minister of Sindh on Law, Anti-Corruption Establishment, and information, Senator Murtaza Wahab had shared the news on Twitter.

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Option: B
Explanation :Prime Minister Imran Khan has announced that Pakistan, Turkey, and Malaysia will jointly start an English language channel dedicated to confronting Islamophobia. This was announced by Prime Minister Imran Khan in a tweet 26-sep-2019. The decision was announced after a trilateral meeting between Prime Minister Imran Khan, Turkish President Recep Tayyip Erdogan and Malaysian PM Mahathir Mohamad on the sidelines of the 74th UNGA session being held in New York.
Under the joint venture, series and films would be produced so that the Muslims and the world can be educated on Islamic history, he said. The channel aims to set the record straight about Islam. PM Khan called for effective measures to counter hate speech and Islamophobia, stressing upon the importance of addressing both the causes and consequences of these phenomena

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Option: C
Explanation :Prime Minister Imran Khan has been ranked at 29th place in the list of World’s 500 Most Influential Muslims by the Royal Islamic Strategic Studies Center.
The premier has jumped from 450th in 2018 to 29th in 2019 for his humanitarian contributions, political struggles, efforts to curb corruption and money-laundering and achievements in the field of sports.
Sheikh Taqi Usmani is the highest-ranked Pakistani in the list. The Deobandi figurehead is listed as the 6th most prominent Muslim in the world.
Prominent religious scholar and preacher, Maulana Tariq Jameel, and Nobel Peace laureate, Malala Yousafzai have also been named among the most influential Muslims across the globe.

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