Pakistan and Russian Relations: A New Dawn
Although Pak-Russia relations have been marked by distrust and suspicion in the past, ties between the two states seem to be positively changing due to diplomatic visits and joint exercises. The recent visit of the Russian Foreign Minister to Pakistan and the mutual stance on the Afghan peace process have emboldened ties between the two nations. These bilateral relations have enormous potential in the areas of defence, mining, energy, tourism, among others.
What is the SBP Amendment Act 2021?
The State Bank of Pakistan (SBP) Act, 1956 is expecting the insertion of a new amendment through the State Bank of Pakistan (SBP) Amendment Act 2021. The provisions of the amendment dictate that the SBP would have the final and only say in the determination of related policies, which, according to many economists, has the potential to further impair the economy of Pakistan.
FATF Grey List: Pakistan’s Acid Test
Pakistan has once again failed to satisfy the Paris-based FATF with regards to the actions it is taking against terror financing and money laundering. The problem is the lack of international support. Even allies like China, Saudi Arabia, Malaysia, and the Gulf States refused to back Pakistan in the arena. The only supporter was Turkey.
The Possibility of New Provinces in Pakistan
Ethnic and linguistic conflicts are considered to be the prominent reasons for the creation of new provinces in Pakistan. However, such action is presently not constitutionally recognized.
