Pakistan Current Affairs

AIIB approves first loans for projects in four countries

The China-led Asian Infrastructure Investment Bank (AIIB) has approved first set of loans totalling US 509 million dollars to finance projects in four countries viz. Bangladesh, Pakistan, Indonesia and Tajikistan.

These loans for the four projects were approved in Board of Directors meeting of AIIB held at its headquarters in Beijing, China.

Projects approved

  • Bangladesh: US 165 million dollars loan for a Power Distribution System Upgrade and Expansion Project.
  • Indonesia: US 216.5 million dollars loan for a National Slum Upgrading Project. It is expected to be co-financed with the World Bank.
  • Pakistan: US 100 million dollars loan for Shorkot-Khanewal Section of National Motorway M-4. It will be co-financed with the Asian Development Bank (ADB) and the United Kingdom’s Department for International Development (DFID).
  • Tajikistan: US 27.5 million dollars loan for the Dushanbe-Uzbekistan Border Road Improvement Project. It will be co-financed with the European Bank for Reconstruction and Development (EBRD).

These loans will have an interest rate of London Interbank Offered Rate (LIBOR) plus 1.15 % and a repayment period of 25 years with 5 years in grace period. These projects spanning in the energy, transport and urban development sectors will help to bridge the region’s critical infrastructure financing gap. It will also help to strengthen regional connectivity.

For more details: About Asian Infrastructure Investment Bank (AIIB).

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Pakistan tops in 2016 Malware Infection Index

Pakistan has topped in the list of 19 countries figuring in the 2016 Malware Infection Index (MII) in the Asia-Pacific region.

The index for the Asia-Pacific region was released by technology giant Microsoft in which India was placed at 8th position.

Key Facts

  • The index identifies the key malware threats in the Asia-Pacific region and ranks markets in Asia-Pacific according to how much they are affected.
  • More than 40% of computers in the 19 countries in Asia-Pacific region are infected against the global average being around 20%.
  • Top 10 Countries: Pakistan (1st), Indonesia (2nd), Bangladesh (3rd), Nepal (4th), Vietnam (5th), Philippines (6th),Cambodia (7th), India (8th), Sri Lanka (9th) and Thailand (10th).
  • The index has also identified the top three most encountered malware in this region. They are Gamarue, a malicious computer worm that is commonly distributed via exploit kits and social engineering.
  • Gamarue was prevalent in the ASEAN region and it was the third most commonly encountered malware family worldwide in 2H 2015.
  • Trojans Skeeyah and These trojans can steal personal information, give hackers access to your PC or download more malware.
  • The findings in the index were based on data from the Microsoft Malware Protection Centre (MMPC) and the Microsoft Security Intelligence Report (SIRv20).

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Pakistan wins 2016 Asia Kabaddi Championship Cup

Pakistan has won the third edition of the Asian Kabaddi Championship 2016 (Circle Style) by defeating India.

In the final match held at Pakistan Ordinance Factory Sports Complex in Wah Cantonment, Pakistan (defending champion) defeated India by 50-31 points.

This is Pakistan’s second successive win in the Asian Kabaddi title as they had won it in 2012.

The championship was organised by the Pakistan Kabaddi Federation (PKF) in collaboration with POF Sports Control Board under the banner of the Asian Kabaddi Federation.

This edition of championship took place in a league format and seven teams including India, Iran, Turkmenistan, Afghanistan, Nepal, Sri Lanka and Pakistan had participated.  It should be noted that Pakistan has hosted the Asia Circle Style Kabaddi Cup for the second time. Earlier it was held in 2012.

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