Explanation

• Full Form: Islamabad Electric Supply Company
• Established: 1998
• Ownership: Government of Pakistan
• Headquarters: Islamabad, Pakistan
• Main Function: Distribution of electricity in Islamabad and adjoining regions

Last verified on 22-07-2026

Explanation

• Full Form: Public Procurement Regulatory Authority
• Purpose: Regulation of government procurement
• Function: Ensures transparent tendering process
• Established under: Public Procurement Act
• Area: Pakistan government procurement system

Last verified on 10-06-2026

Explanation

• FATF stands for Financial Action Task Force.

Additional information:

• Founded: 1989
• Founder: G7 countries
• Headquarters: Paris, France
• Official Languages: English, French
• Presidency Term: 1 year
• Members: 39
• Main Purpose: Combat money laundering, terrorist financing, and proliferation financing.

Last verified on 07-07-2026

Explanation

• Full Form: National Futures Association (NFA)
• Headquarters: Chicago, Illinois, USA
• Created By: Commodity Futures Trading Commission (CFTC)
• Created: September 1981
• Operations Began: 1982
• Official Language: English
• Country: United States
• Purpose: To regulate and protect the integrity of the U.S. derivatives markets, including futures, retail Forex, and swaps

Last verified on 11-07-2026

Explanation

• CPEC stands for China–Pakistan Economic Corridor.
• It was agreement was formally signed and launched in April 20, 2015 during the visit of Xi Jinping to Pakistan.
• CPEC was initiated in mid-2013.
• It is a major network of energy, transport, and infrastructure projects connecting China's Xinjiang with Gwadar.
• The initial value of CPEC was about US$46 billion.

Last verified on 06-07-2026

Explanation

• WWW stands for World Wide Web.

Additional information:

• It is an information system.
• First published: 6 August 1991
• Founder: Tim Berners-Lee in 1989.
• Birthplace: CERN near Geneva, Switzerland.

Last verified on 01-07-2026

Explanation

• GMO stands for Genetically Modified Organism.
• It refers to an organism whose genetic material (DNA) has been changed using genetic engineering techniques.
• GMOs are developed to improve traits such as disease resistance, increased production, or better quality.

Last verified on 16-06-2026

Explanation

• PRSS stands for Pakistan Remote Sensing Satellite.
• It is Pakistan’s first earth observation satellite system (PRSS-1).
• It was launched on 9 July 2018 from China.
• Launch Site: Jiuquan Satellite Launch Center, China
• Operator: SUPARCO (Pakistan Space Agency)
• It is used for mapping, monitoring, agriculture, and disaster management.

Last verified on 20-06-2026

Explanation

• CPU stands for Central Processing Unit.
• It is the main part of a computer that processes all instructions.
• It is considered the brain of the computer system.
• It performs all calculations and decision-making tasks.
• It controls the operations of all hardware and software.
• It is located on the motherboard.

Last verified on 10-06-2026

Explanation

• Definition: Total value of goods and services produced within a country in a year
• Components: Consumption, Investment, Government Spending, Net Exports
• Purpose: Measures economic performance and standard of living
• Units: Usually in US dollars or local currency
• Major Example: Pakistan’s GDP in 2025 ≈ $500 billion (nominal)