Daily Top-10 Current Affairs MCQs / News (February 25, 2022) for CSS, PMS

Table of Contents

6. Uganda offers Pakistan direct line to `Kenyan tea`

• The deputy prime minister of Uganda says her country is ready to export high-quality tea to Pakistan, which can earn considerable foreign exchange by branding and exporting it to various countries.
• `Uganda is a country producing quality tea, coffee and cocoa beans and exists in the list of major African countries producing tea and coffee,` Uganda`s Deputy Prime Minister Rukia Isanga Nakadama told Dawn on Thursday.
• The top Ugandan official, who visited the office of the honorary Ugandan consul in Pakistan, said, `We have a huge potential of producing various commodities, especially tea and coffee. We also have fruit, such as pineapples, mangoes and oranges. And we have all this to offer to Pakistan and other countries

7. US slaps millions in penalties on NBP for anti-money laundering violations

• The US Federal Reserve Board on February 24, 2022 announced a $20.4 million penalty against the National Bank of Pakistan (NBP), which operates in the United States as a foreign bank headquartered in Pakistan, for anti-money laundering violations.
• But in a separate statement, Superintendent Adrienne A. Harris of the New York State Department of Financial Services (DFS) said they had imposed a $35 million penalty on the bank for repeated compliance failure. The probe was conducted in 2014 and 2015.
• The Board said that its action was `in conjunction with a similar action by the New York State Department of Financial Services`, indicating that these could be two separate penalties

8. Russia launches full-scale invasion of Ukraine

• Russia launched a full-scale invasion of Ukraine on February 24, 2022, unleashing airstrikes on cities and military bases and sending troops and tanks from multiple directions in a move that could rewrite the world`s geopolitical landscape. Ukraine`s government pleaded for help as civilians piled into trains and cars to fiee.
• The UN refugee agency said around 100,000 people had fled their homes in Ukraine and several thousand more had left the country since neighbouring Russia invaded early February 24, 2022.
• Invading Russian forces pressed deep into Ukraine as violence spiralled, claiming dozens of lives and raising the prospect Moscow will march on Kyiv as the West imposed punishing sanctions in response

9. Markets around the world shudder following attack

• Stocks sank worldwide on February 24, 2022 after Russia`s attack of Ukraine sent fear coursing through markets and threatened to push the inflation squeezing the global economy even higher.
• On Wall Street, the S&P 500 fell 1.1 per cent to continue its dismal start of the year, though it moderated its drop after starting the day down 2.6pc. The heaviest losses hit stocks in Europe, after officials called Russia`s nearby moves a brutal act of war, with the German DAX down 4pc.
• Beyond its human toll, the conflict looks set to send prices rising even higher at gasoline pumps and grocery stores around the world. Russia and Ukraine are major producers not only of energy but also grains and various other commodities. War could upend global supplies, as could sanctions brought by the United States and other allies

10. Pakistan Super League United eliminate Zalmi in last-over thriller

• Islamabad United`s big-name players returned for the big game and delivered, giving them the cutting edge they needed to eliminate Peshawar Zalmi and keep their title hopes alive.
• Returning to the squad and back to the bio secure bubble, which he`d left due to fatigue, explosive opener Alex Hales gave them the initial impetus in their chase. How they`d missed him.
• Inspirational captain Shadab Khan returned from injury, giving them the leadership they needed in the eliminator. That certainly made a difference.
• Pacer Hasan Ali came back after sitting out their last few games and picked three wickets. That helped give their bowling some steel