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

Shahzad F. Malik

2 years ago

Daily Top-10 Current Affairs MCQs / News (February 25, 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 2021 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

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February 25, 2022: National / International Current Affairs

1. At height of crisis, Imran regrets Ukraine escalation

• Prime Minister Imran Khan conveyed to Russian President Vladimir Putin on February 24, 2022 that he regretted the situation developing between Russia and Ukraine, adding that Islamabad had hoped that military conflict could be averted through a diplomatic solution.
• PM Khan and his entourage, who concluded the historic visit to Moscow after a working lunch meeting which lasted over three hours, left the Russian capital around 9:30pm local time.
• A communiqué issued after the meeting stated that PM Khan stressed that conflict was not in anyone`s interest and that developing countries were always hardest hit economically in case of conflict. `He underlined Pakistan`s belief that disputes should be resolved through dialogue and diplomacy.
• PM Khan reaffirmed the importance of Pakistan-Stream Gas Pipeline as a flagship economic project between the two countries and also discussed cooperation on prospective energy-related projects

2. Noor Mukadam`s murderer sentenced to death

• A sessions court on February 24, 2022 sentenced Zahir Jaffer to death for the murder of Noor Mukadam.
• The court also found Jaffer the main accused in the gruesome murder of Ms Mukadam guilty of rape and handed him 25 years of rigorous imprisonment and a fine of Rs200,000.
• In a packed court room on Thursday morning, Additional District and Sessions Judge Ata Rabbani announced the verdict which was reserved on Feb 22.
• The court sentenced two co-accused Mohammad Iftikhar and Jan Mohammad both domestic servants at Jaffer`s house to 10 years` imprisonment. Iftikhar and Mohammad, who were working as watchman and gardener, respectively, were punished for aiding in the abetment of crime

3. ECC clears legal mechanism for barter trade with Iran, Afghanistan

• Pakistan on February 24, 2022 cleared a legal mechanism to provide for barter trade with two sanctions-hit neighbours Iran and Afghanistan.
• The decision was taken at a meeting of the Economic Coordination Committee (ECC) of the cabinet which also decided to build 500,000 tonnes of strategic reserves of sugar and lift 1.2 million tonnes of wheat at a minimum support price of Rs1,950 per 40kg amounting to Rs65 billion.
• The meeting, presided over by Finance Minister Shaukat Tarin, didnot approve Utility Store Corporation`s (USC) Ramazan subsidy scheme and subsidy on five key items for first 23 days of February but cleared it for March and the six remaining days of February

4. Senate body passes Healthcare Facilities Management Authority Bill

• The Islamabad Healthcare Facilities Management Authority Bill, 2022 was passed by the Senate Standing Committee on National Health Services (NHS) on February 24, 2022.
• The bill seeks to provide better management, supervision and administration of healthcare facilities in the jurisdiction of Islamabad Capital Territory (ICT).
• The bill will enable the authority to approve its budget and allocate funds to health institutions under its supervision; it will also ensure that there is transparency of procedure for appointment, terms and conditions of services, disciplinary matters and other service matters for all employees under the direct or indirect authority of the International Health Management Associates (IHMA)
• Another bill titled, The Pakistan Nursing Council Amendment Bill 2022 was also passed. A third bill titled, Pakistan Psychological Council Bill, 2021 was referred back to the Secretariat.

5. Current account deficit hits all-time high in January

• Pakistan`s monthly current account deficit (CAD) hit an all-time high of $2.55 billion in January against $219m in the same month last year mainly driven by surging imports amid higher commodity prices.
• In December 2021, the CAD was $1.9bn.
• However, the increasing imports along with a rapid increase in the oil prices almost destroyed the struggle to bring the CAD from the highest-ever level of over $20bn in 2018. The data shows the imports of petroleum products were the main item that increased the bill but the services imports were also increased by 39pc to $6.174bn compared to $4.426bn in the same period of last year.

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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

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