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INTERNATIONAL AFFAIRS - May 2017

May 2017

Jul 16, 2018

Biggest Air Strikes on Gaza Strip

Israel unleashed its biggest air strikes on the Gaza Strip since a 2014 war. The exchange of fire followed months of tension that has raised the prospect of a fourth war in the blockaded Gaza Strip since 2008.
According to a Hamas spokesman, the Islamist movement, which runs the Gaza Strip, had agreed to an Egyptian offer to return to a ceasefire to stop this escalation. An Israeli military spokesman declined to comment, but said that its actions would depend on what happens on the ground.

Jul 15, 2018

US Wants Better Ties with Mexico

Secretary of State Mike Pompeo told President-elect Andres Manuel Lopez Obrador that US President Donald Trump wants to strengthen and improve ties with Mexico. Andres Manuel Lopez Obrador in turn, handed Pompeo a letter addressed to Trump with his plans to reset the relationship, focusing on trade, immigration, development and security.

Syria Rebels Surrender Heavy Arms

Syrian rebels in the southern city of Daraa have surrendered their heavy weapons to government forces, under a deal brokered by regime ally Russia.
The agreement reached Daraa city, the cradle of Syria's seven-year uprising, will fall back into government control.

Jul 14, 2018

Trump Vows U.K. Trade Deal after Brexit

Theresa May and Donald Trump entered a news conference holding hands and went out of their way to praise one another's leadership, a day after the U.S. president assailed her Brexit strategy and said one of her political opponents would make a good Prime Minister.
The two leaders said that they would complete a trade deal between their countries as soon as the U.K. leaves the European Union.

China Working Closely with US

A senior Chinese official reassured about Beijing's commitment to progress in North Korea's denuclearisation, after US President Donald Trump accused China of interfering in talks between Pyongyang and Washington.

Iran Has No Intention to Leave Syria

According to a senior adviser to Iran's Supreme Leader, Iran has no intention of leaving Syria regardless of U.S. and Israeli pressure, reaffirming a tough stance on the issue expected to top the agenda of the upcoming U.S.-Russian summit.
Israeli Prime Minister Benjamin Netanyahu had told Mr. Putin that Israel wants Iran to leave Syria.

Jul 13, 2018

Thai Cave to be Turned into a Living Museum

A cave complex in northern Thailand where 12 boys and their football coach were trapped for more than two weeks is set to be turned into a museum.
According to rescue officials, the museum would showcase how the operation unfolded in the Tham Luang cave, and it would be a "major attraction" for Thailand.

World's First Country to Divest from Fossil Fuels

The Republic of Ireland will become the world's first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament.
The Irish fossil fuel divestment bill was passed in the lower house of parliament, and it is expected to pass rapidly through the upper house, meaning it could become law before the end of the year. The Irish state investment fund holds more than €300m in fossil fuel investments in 150 companies.

Jul 12, 2018

Lawai Removed As PSX Chairman

Hussain Lawai has been removed as chairman of the Pakistan Stock Exchange (PSX) board of directors, a development that comes after the Securities and Exchange Commission of Pakistan (SECP) issued a directive to "immediately remove" him from the post.
Lawai was arrested by the Federal Investigation Agency (FIA) in a money-laundering case in which he is accused to have helped facilitate the opening of 29 'fake' accounts in Summit Bank, Sindh Bank and United Bank Limited.

Trade War with China Escalated

United States President Donald Trump escalated the trade war with China, ordering imposition of 10% tariff on an additional $200 billion worth of imports from China, and sent a clear signal to Beijing and other trading partners in his crosshairs that he is not backing down.

Punjab's Biggest Source of Revenue

The Punjab Revenue Authority (PRA) has managed to surpass revenue generation of Rs.100 billion in fiscal year 2017-18 for the first time since its inception back in 2011.
As per PRA Chairman Dr Raheel Siddiqui, sales tax collections on telecommunication services are the biggest respite. All provincial authorities are meeting with the Federal Board of Revenue (FBR) to sort out the issue of suspension of taxes on telecommunication services.
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