Today’s top Pakistan current affairs August 27,2020 with download link available in pdf. These are the latest breaking news about Pakistan which will be helpful for aspirants in test preparation of current affairs, Pakistan affairs, General knowledge for NTS, PPSC, CSS, FPSC, KPPSC, SPSC, BPSC, AJKPSC, OTS, PTS, and other Govt Jobs, exams & MDCAT, ECAT Entry test preparation.
1. COVID-19 IN PAKISTAN
2. Political clash in the Senate
What’s going on? If you’ve been reading about the opposition in the Senate rejecting two FATF-related bills, and it’s not making anyyy sense to you, it’s okay. This complex political clash has been making headlines for the past few days, and we will do our best to over simplify it for you without sounding like a dry policy paper.
The details: There are two Financial Action Task Force (FATF) related bills called the Anti-Money Laundering (Second Amendment) Bill, and the Islamabad Capital Territory (ICT) Waqf Properties Bill. The opposition, which has a majority in the Senate, rejected these bills, even though the National Assembly passed both bills a day earlier. The ruling Pakistan Tehreek-e-Insaf (PTI) govt thinks these bills are necessary to get Pakistan off the FATF grey list (i.e. a list of countries that are under increased monitoring, and working with the FATF to counter money laundering and terrorist financing).
Tell me more:
Looking ahead: The PTI govt will summon a joint-parliament session next week to table the bills again.
The bottom line: Mainstream media outlets haven’t spelled out what each bill entails. The opposition and ruling govt are accusing each other of having self-serving ulterior motives.
3. When contracting a second marriage without permission backfires
A two-judge bench in the Supreme Court upheld a 2018 judgement passed in the Peshawar High Court (PHC), which ordered Muhammad Jamil to immediately pay mahr (i.e. a groom’s obligation in the form of money or possessions) to his first wife, Sajida Bibi. A mahr amount is agreed upon during a Nikkah (i.e. when the marriage contract is signed). Jamil got married to his second wife while still married to Sajida Bibi. Sajida Bibi, who is apparently his ex-wife now, filed a lawsuit in the PHC to recover her mahr. Jamil appealed the PHC judgement. However, since Jamil didn’t get permission to contract a second marriage from his first wife or an Arbitration Council, the Supreme Court said ‘time to pay up.’ Jamil is liable to pay Sajida Bibi the entire mahr amount (i.e. five tolas of gold).
4. Overseas Pakistanis, say hello to Roshan Digital Accounts
According to Bloomberg, Pakistan is turning to overseas Pakistanis to boost foreign exchange reserves. In other words, the country is looking to raise funds from its citizens living abroad, who have largely been outside the financial system. State Bank Governor, Reza Baqir, announced that non-resident Pakistanis will be allowed to open digital accounts starting next week, giving the diaspora a chance to invest, buy govt debt, and conduct basic banking services. Eight participating domestic banks will facilitate opening the accounts (i.e. the Roshan Digital Accounts). These accounts will accept deposits in US dollars or Pakistani rupees. Before this digital account initiative, overseas Pakistanis had to go through the hassle of visiting a Pakistani consulate or embassy to open a bank account. Even then, they couldn’t directly access the stock market.
MARKET RECAP
The benchmark KSE-100 index closed at 40,862.59 after rising 1.41% as of August 26, 2020.
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