Finance
Pakistan to exit FATF grey list this year: Tarin
The Federal Minister for Finance and Revenue, Shaukat Tarin said that Pakistan would exit from the grey list of Financial Action Task Force (FATF) this year as it has already achieved almost all targets set by the task force.
“We have completed 26 conditions out of 27 of the action plan,” the minister, who is in Dubai, told Khaleej Times and termed the FATF decision as politically motivated.
It is pertinent to mention that on Friday, the FATF announced that it was retaining Pakistan on the grey list while noting that significant progress had been made in completing the required action items for removal from the list.
In a statement, the FATF said that Pakistan completed 26 of the 27 action items in its 2018 action plan.
It encouraged Pakistan to continue to make progress to address the one remaining item as soon as possible.
It further added since June 2021, Pakistan has taken swift steps towards improving its AML/CFT regime and completed six of the seven action items ahead of any relevant deadlines expiring.
“Pakistan should continue to work to address the one remaining item in its 2021 action plan by demonstrating a positive and sustained trend of pursuing complex money laundering investigations and prosecutions,” the statement said.
Meanwhile, head of research at Pakistan Kuwait Investment Company, Samiullah Tariq said Pakistan was already in the grey list since 2018, so there was no major impact expected on business and markets in near term.
“In my view Pakistan’s performance has been impressive while complying with FATF parameters and it is also acknowledged by the FATF. Pakistan should have been excluded from the grey list amid considering its significant progress on improving its financial system and check terror financing,” Tariq told Khaleej Times.
In a statement, the finance ministry said Pakistan presented its case in an effective manner and also reaffirmed its political commitment to continue with the efforts to complete the action plans.
“The FATF reviewed Pakistan’s progress on both action plans in its plenary meeting. The FATF members, while participating in the discussion on Pakistan’s progress, recognised Pakistan’s continuing commitment towards sustainable, robust AML/CFT frameworks,” the statement said.
“The country is making endeavours to complete the last two remaining items of both the action plans, as early as possible,” the statement said.
crypto
Ten Reasons How Blum Will Stun Users with Massive Airdrop
Blum is an innovative Telegram mini-app that has rapidly gained traction in the crypto community since its launch in late April 2024. Combining the best features of centralized and decentralized exchanges, Blum offers users a unique hybrid trading experience directly within the Telegram platform. With over 10 million users in just two months, it has become a viral sensation, engaging users through interactive features like the Drop Game and task-based rewards.As Blum prepares for its official token listing, the excitement surrounding its $BLUM token is palpable. The airdrop campaign, which commenced in June, aims to distribute free tokens to participants, further incentivizing user engagement. Selected for Binance’s Most Valuable Builder (MVB) Accelerator Program, Blum is positioned to transform how users interact with cryptocurrency, making it accessible and enjoyable for everyone.
1. Significant Token Distribution
Blum is set to distribute 30,0000 BLUM tokens to early participants, making it a lucrative opportunity for users to gain substantial assets before trading begins[2].
2. Strategic Timing
The airdrop starts in October, 2024, aligning with a robust marketing campaign to maximize user engagement and visibility[1].
3. High Initial Interest
With a projected initial price of $0.03 to $0.05, early adopters could see their investments multiply significantly as trading begins[2][5].
4. Community Engagement
Blum’s airdrop aims to foster a strong community by encouraging participation through social media tasks, enhancing user interaction and loyalty[2].
5. Potential for Price Surge
Analysts predict that Blum could reach up to $0.20 by the end of 2025, driven by community support and market dynamics[1][3].
6. Comparison to Successful Tokens
Blum is being compared to successful projects like DOGS Coin, suggesting it has the potential for similar explosive growth and market presence[1][2].
7. Future Roadmap
Blum’s strategic roadmap includes launching a decentralized platform and integrating DeFi tools, which could enhance its value proposition and attract more users[1].
8. Broad Exchange Listings
Blum is expected to be listed on major exchanges like Binance by early October, increasing accessibility for traders and investors alike[3][6].
9. Market Cap Potential
With an initial market cap of around $1 billion, Blum’s growth could attract significant investor interest, further driving up its price post-listing[2].
10. Long-Term Value Predictions
Some forecasts suggest that Blum could reach as high as $50 in the long term, making it an attractive option for early investors looking for high returns[4][5].
Conclusion
Blum’s upcoming airdrop and strategic initiatives position it as a promising player in the crypto market. With its significant token distribution, community engagement strategies, and optimistic price predictions, users have compelling reasons to participate in this exciting opportunity.
crypto
Claim Your Share: The Top Airdrops This September That Could Make You Rich!
September is a vibrant month for airdrops in the cryptocurrency world, with numerous opportunities available for enthusiasts. Following the successful $DOGS airdrop in August, excitement has surged, prompting various projects to announce their own airdrops, including $CATS, $GOATS, XEmpire, and more.
Upcoming Airdrop Schedule
- W-Coin (September 15)
W-Coin has quickly established itself in the crypto space with its tap-to-earn model, rewarding users for task completion and social media engagement. - $GOATS (September 15)
This new tap-to-earn game, launched shortly after $DOGS, has garnered significant interest due to its unique goat-themed concept. - $CATS (September 16)
Following the success of $DOGS, $CATS has announced its Token Generation Event (TGE) and airdrop, promising exciting rewards for participants. - Catizen AI (September 20)
With the motto “Play For Airdrop, Heal the World,” Catizen AI is launching its Game Centre and airdrop after overcoming initial delays. - Rocky Rabbit (September 23)
This smaller project is generating buzz within its close-knit community, potentially offering higher rewards due to its limited participant pool. - $HMSTR (September 26)
Despite facing delays, the $HMSTR airdrop for Hamster Kombat remains highly anticipated, with many eager to claim their tokens. - XEmpire (September 30)
Inspired by Elon Musk, XEmpire is set to launch its airdrop, combining innovative gameplay with a strong community following.
This month promises to be filled with opportunities for crypto enthusiasts to capitalize on these airdrops.
Citations:
[1] Best Upcoming Crypto Airdrops List September 2024 | CoinEx https://www.coinex.com/en/blog/9076-crypto-airdrops-list-2024
[2] Crypto Airdrops of September 2024: Live and Upcoming https://coinairdrops.com
[3] 3 TON Airdrops For September: Full Details Revealed – BeInCrypto https://beincrypto.com/ton-airdrop-september-full-details/
[4] 5 Telegram Crypto Airdrops Launching This September – YouTube https://www.youtube.com/watch?v=fJ3nPzVZiPM
[5] Crypto Airdrops List September 2024 » Find free airdrops & bounties! https://airdrops.io
[6] Latest Crypto Airdrops September 2024 – Airdrops.io https://airdrops.io/latest/
[7] All actual airdrops of the 2024 year – incrypted https://incrypted.com/en/airdrops/
[8] Telegram Airdrop listing dates: Major, MemeFi, LostDogs, TAP https://www.coingabbar.com/en/crypto-blogs-details/telegram-airdrop-listing-dates-tonstation-lostdogs-catizen-blum
Startups
Unpacking the Debate: UK Pension Fund Investments and Infrastructure Development – Insights from John Armitt
Introduction:
In a recent development, John Armitt, a prominent figure in infrastructure, has raised concerns about the pressure on UK pension funds to increase their investments within the country. This article delves into the complexities of this issue, exploring the perspectives and implications involved.
Understanding the Context:
John Armitt’s stance reflects a broader debate within the financial and infrastructure sectors regarding the allocation of pension fund investments. It raises questions about balancing national interests with global opportunities and optimizing returns for pension holders.
The Role of Pension Funds in Infrastructure Investment:
Pension funds play a crucial role in financing infrastructure projects, providing long-term capital for developments that benefit society and generate returns for investors. However, the allocation of these funds is subject to various considerations.
Benefits of Investing in Infrastructure:
Investing in infrastructure offers stable returns, diversification benefits, and contributes to economic growth and job creation. It also aligns with sustainable development goals and can enhance a country’s competitiveness.
Challenges Faced by Pension Funds:
Pension funds must navigate regulatory requirements, risk management considerations, liquidity needs, and fiduciary responsibilities when making investment decisions. Balancing these factors while maximizing returns is a complex task.
Perspectives on Domestic vs. International Investments:
The debate around whether pension funds should prioritize domestic investments over international opportunities is multifaceted, with valid arguments on both sides.
Arguments for Domestic Investments:
Advocates for domestic investments argue that supporting local infrastructure projects can boost national development, create jobs, and strengthen economic resilience. It also aligns with principles of responsible investing and supports local communities.
Arguments for International Diversification:
On the other hand, proponents of international diversification highlight the need to seek the best investment opportunities globally to optimize returns for pension holders. Diversifying geographically can mitigate risks and enhance portfolio performance.
John Armitt’s Perspective:
John Armitt’s comments emphasize the importance of pension schemes focusing on finding the best possible investment opportunities, regardless of geographical location. His viewpoint underscores the need for strategic decision-making based on maximizing returns while considering broader societal impacts.
Key Takeaways from John Armitt’s Statements:
- Prioritizing investment quality over geographical location
- Emphasizing the importance of due diligence in selecting projects
- Balancing risk and return considerations effectively
Implications for Pension Fund Managers:
The debate surrounding UK pension fund investments has implications for fund managers tasked with optimizing returns while fulfilling their fiduciary duties.
Strategies for Pension Fund Managers:
- Conducting thorough due diligence on potential investments
- Balancing risk factors with return expectations
- Considering both domestic and international opportunities based on merit
- Engaging with stakeholders to align investment decisions with broader objectives
Conclusion:
The discussion sparked by John Armitt’s comments highlights the complexities involved in pension fund investments in infrastructure. Balancing national interests with global opportunities requires thoughtful consideration and strategic decision-making by all stakeholders involved.
In conclusion, finding the right balance between domestic and international investments is essential for pension funds to fulfill their dual mandate of generating returns for investors while contributing to societal development. By navigating these challenges effectively, pension fund managers can optimize their portfolios and support sustainable infrastructure development.
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