Category: Pakistan Current Affairs 2019

What is the rank of Pakistan in WJP’s Rule of Law Index (RLI) 2019?

A. 117th
B. 118th
C. 119th
D. 120th

Answer

Correct Answer: A. 117th


Detailed About MCQs

 The WJP’s Rule of Law Index (RLI) 2020 reflects that Pakistan secured a 0.39 score and placed the country in 120th position in the world ranking. Whereas in 2019 Pakistan’s ranking was 117 and its total score was 0.39. In 2019 the World Justice Project’s Rule of Law report included 126 countries in its report however, it added two new countries in its 2020 report.

Habib Bank (HBL) has been awarded the license to become the first Pakistani bank to offer financial services to clients in _____.

A. Beijing, China
B. London, England
C. Colombo, Sri Lanka
D. Dhaka, Bangladesh

Answer

Correct Answer: A. Beijing, China


Detailed About MCQs

HBL has been awarded the license to become the first Pakistani bank to offer financial services to clients in Beijing, China’s capital city. The branch license was awarded by China Banking and Insurance Regulatory Commission (CBIRC) in December 2019. The preparatory work of setting up the HBL Beijing branch is now underway. With approval from relevant regulators, the Beijing branch is expected to commence offering a full range of products & services for our esteemed clients from the third quarter of 2020. Beijing branch will be HBL’s second branch in China after the commencement of business. HBL already has a special branch in the city of Urumqi. HBL is the first and only bank from Pakistan and one of the three banks from the South Asia and MENA region to offer end-to-end RMB intermediation in China. This will add to existing CPEC-related operations.


 

 

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