Socio Economic

The Financial Action Task Force (FATF) Pakistan from a list of countries under “increased monitoring”, also known as the “grey list”.
In its handout, the FATF stated that Pakistan made significant progress in improving its anti-money laundering and combating financing terror (AML/CFT) regime.
“Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans regarding strategic deficiencies that the FATF identified in June 2018 and June 2021, the latter of which was completed in advance of the deadlines, encompassing 34 action items in total.
“Pakistan is, therefore, no longer subject to the FATF’s increased monitoring process,” the handout said, adding that the country would continue to work with the Asia-Pacific Group to further improve its AML/CFT system.

Real Estate Investment Trust (REIT) is a mutual fund that focuses on investment in properties and real estate. And derives income from such investments for its unit holders.

Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments without buying, managing, or financing any properties themselves.

A REIT owns different kinds of income-producing real estate, such as shopping malls, hotels, office buildings, apartments, resorts, self-storage facilities, warehouses, and even cell phone towers. Most REITs concentrate on one type of real estate, though some include multiple property types.

Thar Coal Power Project, A Game changer.
MITHI: Prime Minister Shahbaz Sharif said that cheaper energy production from Thar coalfields would be a game changer for national development.