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Daily Top-10 Current Affairs MCQs / News (August 13, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (August 13, 2022) for CSS, PMS
WELCOME TO CSS TIMES DAY BY  DAY CURRENT AFFAIRS, YOUR BEST SOURCE FOR UP-TO-DATE AND DAILY TOP CURRENT AFFAIRS 2022 FOR PREPARATION OF CSS, PMS, BANKING, NTS, RAILWAYS AND ALL COMPETITIVE EXAMS.  “DAY TO DAY CURRENT AFFAIRS” BASICALLY IS TOP 10 NEWS SUMMARY ON CURRENT HAPPENINGS OF NATIONAL AND INTERNATIONAL IMPORTANCE FOR ALL EXAMINATIONS

August 13, 2022: National / International Current Affairs

1. IMF money may arrive in Pakistan`s account by August-end

• The International Monetary Fund (IMF) has convened a meeting of its executive board on August 29 to approve a bailout package for Pakistan, including disbursement of about $1.18bn, before the close of current month.
• The move follows the completion of the $4 billion in bilateral financing from four friendly nations and would pave the way for an immediate disbursement, expected to be in Pakistan`s account before the end of working hours on August 31 Finance Minister Miftah Ismail told Dawn that a letter of intent (LOI) had been received early Friday from the lender for the revival of the programme under the staff level agreement (SLA) and memorandum of economic and fiscal policies (MEFP) signed last month.
• `We are going through the LOI, would sign and send [it back to the IMF anytime soon and look forward to (executive) board meeting later this month for approval,` he said.

2. Pakistan, Turkiye sign agreement to boost trade

• Pakistan and Turkiye have signed a preferential trade agreement (PTA) to boost trade in certain products between the two countries.
• Since the signing of a framework agreement on March 22, 2016, both sides have held 14 rounds of bilateral negotiations to identify those products for trade which are not affecting each other`s interests.
• The PTA will come into effect from January 1, 2023.
• The concessions will be offered in three phases immediately, up to five years and up to10 years.
• Turkish Trade Minister Dr Mehmet Mus and Minister for Commerce Naveed Qamar signed the agreement at a ceremony in the presence of Prime Minister Shehbaz Sharif

3. Bajwa links world peace with impartiality, mutual defence

• Chief of Army Staff General Qamar Javed Bajwa on August 12, 2022 linked global peace with the impartiality of multilateral forums, collective defense of the common good and the supremacy of international law, as the head of the army became the first-ever Pakistani dignitary to be invited by the British monarch as a chief guest to the Royal Military Academy, Sandhurst.
• `In the interest of world peace, we must strive to preserve the vitality, relevance and internal sense of impartiality in multilateral institutions, maintain consensus on the collective defense of global commons and uphold the prestige of international law.
• `In case we fail to do that, I am afraid we may end up destroying the beautiful world that we have,` Gen Bajwa said while speaking at the Sovereign`s Parade for Commissioning Course 213

4. Balochistan PA seeks to make Muslim Bagh new district

• The Balochistan Assembly on August 12, 2022 evening unanimously adopted a resolution that sought Muslim Bagh, a sub-division of Qila Saifullah, to be made a new district while some other lawmakers suggested dividing Quetta into four districts in view of its huge problems, triggered by a growing population.
• The resolution was moved in the Balochistan Assembly by parliamentary secretary on excise and taxation, Ms Shaheena Kakar of the Awami National Party (ANP).
• Deputy Speaker Sardar Babar Khan Musakaail presided over the session

5. New Wapda chief takes charge

• Newly appointed Water and Power Development Authority (Wapda) Chairman retired Lt Gen Sajjad Ghani assumed charge on August 12, 2022.
• The government issued a notification about his appointment on Thursday. Mr Ghani 23rd chairman of Wapda is a civil engineer and soldier as he has pursued two parallel career streams for the past four decades.
• He obtained Bachelor of Engineering degree from Military College of Engineering in 1984 and Master`s degree in civil engineering from University of Engineering and Technology, Lahore, in 1990

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6. Assad`s opponents rage against Turkish call for `reconciliation` with Syria

• Thousands of people staged protests across parts of rebel held northern Syria on Friday after the Turkish foreign minister called for reconciliation between Syrian opposition groups backed by Ankara and the government of Syrian President Bashar al Assad.
• More than 11 years after civil war broke out in Syria, the north-western region, near the Turkish border, is the last area still in the hands of fighters seeking to topple Assad, with control divided between jihadist factions and other rebels backed by Turkiye.
• The Turkish government maintains thousands of troops in the area and backs a coalition of armed groups opposed to Assad under the banner of the Syrian National Army (SNA)

7. Five Chinese companies to part ways with NY stock exchange

• Five Chinese state owned companies, including oil giant Sinopec and China Life Insurance, said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States.
• The companies, which also include Aluminium Corporation of China (Chalco), Petro China and Sinopec Shanghai Petrochemical Co, each said that they would apply to delist their American Depository Shares this month.
• The five, which in May were flagged by the US securities regulator as failing to meet its auditing standards, will keep their listings in Hong Kong and mainland Chinese markets

8. FBI removed `top secret` papers from Trump`s home, says Justice Department

• Agents who searched former US president Donald Trump`s Mar-a-Lago home in Florida this week removed 11 sets of classified documents, including some marked as top secret, the Justice Department said on Friday while disclosing it has probable cause to believe he violated the Espionage Act.
• The bombshell disclosures were made in legal documents released four days after FBI agents carried out the search of Trump`s residence based on a warrant approved by a federal magistrate judge.
• The Justice Department told judge Bruce Reinhart in its warrant application that it had probable cause to believe that Trump violated the Espionage Act, a federal law that prohibits the possession or transmission of national defence information

9. Polio virus found in New York

• Health officials identified the virus that causes polio in New York City`s wastewater, suggesting local transmission of the virus, state authorities said on August 12, 2022, urging unvaccinated New Yorkers to get vaccinated.
• `The NYC Heath Department and the New York State Department of Health have identified poliovirus in sewage in NYC, suggesting local transmission of the virus,` the city`s health department said in a statement on Friday. `Polio can lead to paralysis and even death. We urge unvaccinated New Yorkers to get vaccinated now

10. Arshad extends golden run to Islamic Solidarity Games

• Another Games for Arshad Nadeem, another record-breaking gold for the Pakistan javelin thrower.
• Six days after his victory at the Commonwealth Games, Arshad was at it again on Friday at the Islamic Solidarity Games when the 25-yearold sent the spear to 88.55 metres for the best throw ever at the multi-sport event involving elite athletes from members of the Organisation of Islamic Cooperation.
• Arshad though was head and shoulders above the rest in Turkey. Qatar`s Ahmed Magour, who held the previous record at the Games at 83.45 metres, was the silver medallist with a throw of 74.28 metres while Iran`s Ali Fathi Ganji took bronze with a throw of 71.24 metres. Arshad, however, has achieved these feats despite an elbow injury that has troubled him since the Olympics in Tokyo last year where he finished fifth

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