Today’s top Pakistan current affairs August 31,2020 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. Signs of tension between Pakistan and Saudi Arabia
What’s going on? There is reportedly “simmering tension” between Pakistan and Saudi Arabia, two countries that are ordinarily on good terms, with a history of economic, political, and military ties.
The details: On August 4, Pakistan’s Foreign Minister, Shah Mahmood Qureshi, said Saudi Arabia should “show leadership” on the Kashmir issue. In other words, Pakistan doesn’t think Saudi Arabia is taking a strong enough stance against India. It’s also important to note that India is one of Saudi Arabia’s main trading partners.
Tell me more: During a televised interview, Qureshi said Pakistan expects the Jeddah-based Organization of Islamic Cooperation (OIC) to hold a special meeting on Kashmir, otherwise, Pakistan would organize its own meeting with Islamic countries (e.g. Malaysia, Turkey, and Iran) that are concerned about Kashmir and ready to stand with Pakistan. Even though Qureshi didn’t spell this out, it sounds like Pakistan might create a new bloc that could rival the Saudi-led OIC.
The context: Qureshi brought up the Kashmir issue a day before the one-year anniversary of India’s decision to abruptly revoke India-controlled Kashmir’s statehood and semi-autonomy. Pakistan and India both claim the divided Kashmir territory in full, but only control parts of it.
Looking ahead: Saudi Arabia said ‘oh really?’ and recalled a $1 billion loan, which was part of a $3 billion loan package it extended to Pakistan in November 2018. Ouch. Saudi Arabia also refused to renew a $3.2 billion oil credit facility, which expired in May this year. Double ouch. Pakistan’s Army chief, General Qamar Javed Bajwa, went to Saudi Arabia to do some damage control, but Saudi Crown Prince, Mohammed bin Salman (MBS), didn’t meet him, even though they have met during Bajwa’s previous visits. Triple ouch.
The bottom line: What we have here is a diplomatic spat between two long-time allies. Now that the tiff with Saudi Arabia is putting pressure on Pakistan’s weak finances, Pakistan will likely lean on its other ally, China, even more. In fact, China already swooped in to loan Pakistan $1 billion after Saudi Arabia pulled back its loan.
3. Attack on Muharram procession in Kashmir
Pakistan observed Youm-e-Ashura (i.e. the 10th of Muharram). Processions took place nationwide with strict security measures and health guidelines to prevent the spread of COVID-19. During Muharram, Muslims mourn the martyrdom of Hazrat Imam Hussain (AS), the grandson of Prophet Muhammad (PBUH). At the same time, Pakistan condemned the use of tear gas and pellet guns on a Muharram procession in India-controlled Kashmir. Indian security forces in the Muslim-majority region reportedly fired shotgun pellets and tear gas to disperse hundreds of mainly Shia Muslims participating in a Muharram procession. At least 40 people were injured. Indian police claimed that the mourners were violating COVID-19 safety orders that restricted religious processions.
4. Parts of Karachi still under water
On Sunday, four days after record-breaking monsoon rain swept through Karachi, several areas of the city were still submerged in water and without power. The rainfall damaged infrastructure. At least 19 people were also killed in rain related incidents.
MARKET RECAP
The benchmark KSE-100 index closed at 41,056.22 after dropping 25.72 points (-0.06%) as of August 28, 2020.
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