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Daily Top-10 Current Affairs MCQs / News (Jan 17 2023) for CSS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (Jan 17 2023) for CSS
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January 17, 2022: National Current Affairs MCQs

1. PPP springs `surprise` in Karachi polls

• The results of local bodies polls in Karachi and Hyderabad that came out after a delay of almost 29 hours, surprised many on Monday as Pakistan Peoples Party (PPP) emerged victorious from both cities.
• While the party more or less swept polls in Hyderabad, it was a close contest in Karachi where Jamaat-i-1slami (J1) gave a tough time to PPP that rules Sindh.
• Even after the complete results for Karachi were announced, question marks over the post-voting electoral process persisted with contesting parties and candidates casting doubts over delayed results, non-availability of required documents to polling agents and a slow response from the Election Commission of Pakistan (ECP) to the complaints

2. Pakistan, Iran sign 39 MoUs to boost trade

• Pakistan and Iran have signed 39 memorandums of understanding to enhance bilateral trade, improve economic relations and ensure cooperation in various fields such as transportation, tourism, fisheries, mines and minerals.
• The MoUs were signed at the conclusion of a two-day meeting of the joint border trade committee on January 16, 2023 night.
• The meeting discussed various issues relating to the implementation of agreements signed between the two countries in 2010 and 2006 for increasing trade volume and providing facilities for import and export at the Pak-Iran borders

3. SBP bill passed by Senate despite opposition

• The government on January 16, 2023 suffered a defeat in the Senate where a bill seeking to enhance loan disbursement in smaller provinces was passed by the house amidst the government`s opposition on technical grounds.
• The motion seeking to take State Bank of Pakistan (Amendment) Bill for consideration at once was adopted by a majority vote of 26-20 while two members abstained.
• Mover of the bill Senator Mohsin Aziz, while explaining the purpose of the bill, said the share of two provinces Khyber Pakhtunkhwa and Balochistan in total loan portfolio of commercial banks was merely 1.35 per cent while the rest of 98.65pc lending goes to Punjab and Sindh.
• The situation was forcing the owners to shift their industries to other provinces, he said

4. PM asks UAE to facilitate talks on held Kashmir

• Prime Minister Shehbaz Sharif on January 16, 2023 asked Indian Prime Minister Narendra Modi to hold serious and sincere talks to resolve burning issues, including Kashmir, and said the United Arab Emirates leadership could play an important role in bringing India and Pakistan to table.
• The prime minister, in an interview with Al Arabiya news channel, said, `My message to the Indian leadership and Prime Minister Narendra Modi is that let us sit down on the table and have serious and sincere talks to resolve our burning issues like Kashmir.
• `In Kashmir, flagrant human rights violations are taking place day in and day out

5. Pakistan among lower-middle income countries: UN report

• Pakistan remains a lower-middle income country and will continue to be vulnerable to fluctuating energy prices, warns a UN report released on January 16, 2023.
• The report also places India and Bangladesh among lower-middle income countries despite their economic gains and urges the entire South Asian region to reduce its energy consumption. Nepal is also placed in the same category, although Afghanistan is listed among low-income countries.
• The report by the UN labour agency warns that finding a decent and well paid job will be harder in 2023 than it was in 2022, thanks to the continuing global economic downturn

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6. Khunjerab Pass opens today to move machinery

• The Pakistan-China border at Khunjerab Pass will be temporarily opened to transport stranded goods as well as machinery needed for execution of development work on Diamer-Bhasha dam.
• The Khunjerab Pass remains closed for four months, from December to April every year, under a border protocol agreement signed between the two countries.
• The route closed in November 2019 after the outbreak of Covid-19 in China was opened two-and-a-half years later in June 2022 under a new agreement and SOPs only to transport goods from China to Pakistan

International Current Affairs  MCQs News

7. S. Korean investor to sell Lotte Chemical to YB Group

• A South Korean chemical company announced on January 17, 2023 it`s exiting the Pakistan market after 13 years.
• Lotte Chemical Company Pakistan Ltd said its South Korea-based majority shareholder is selling its entire stake of 75.01 per cent in the local firm to optimise its overall business portfolio.
• Separately, Lucky Core Industries Ltd said it`s buying the shareholding from the foreign investor.
• Neither of the two companies disclosed the size of the transaction in their respective securities filings

8. Oxfam calls for reducing number of billionaires

• The number of billionaires should be reduced by half by 2030 through higher taxes and other policies to make the world more equal, Oxfam said on January 16, 2023 as global elites meet in Davos.
• The aid group made its plea as the Swiss Alpine village hosts political leaders, CEOs and celebrities for the week-long World Economic Forum starting on Monday.
• In a report titled `Survival of the Richest`, Oxfam said billionaires had doubled their wealth over the last 10 years, with the wealthiest one per cent gaining 74 times more than the bottom 50pc

9. Russia produces first nuclear warheads for super torpedo

• Russia has produced the first set of Poseidon nuclear capable super torpedoes that are being developed for deployment on the Belgorod nuclear submarine, TASS reported on Monday, citing an unidentified defence source.
• Since a grim New Year`s Eve message describing the West as Russia`s true enemy in the war on Ukraine, President Vladimir Putin has sent several signals that Russia will not back down. He has despatched hypersonic missiles to the Atlantic and appointed his top general to run the war. US and Russian officials have both described Poseidon as a new category of retaliatory weapon, capable of triggering radioactive ocean swells to render coastal cities uninhabitable

10. Japan, India start first joint fighter jet drill

• Japan and India began their first joint fighter jet exercise on January 16, 2023 near Tokyo as the countries upgrade defence and security ties with an eye on China`s growing military might.
• The 11-day joint exercise will involve eight Japanese fighter jets, with India sending four fighters, two transport aircraft and an aerial refuelling tanker, Japan`s defence ministry said.
• Around 150 Indian Air Force personnel are taking part in the exercise at the Hyakuri Air Base in Ibaraki prefecture, northeast of Tokyo

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