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Daily Top-10 Current Affairs MCQs / News (July 24, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (July 24, 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

July 24, 2022: National / International Current Affairs

1. SC entrusts Hamza with Punjab until tomorrow

• The Supreme Court on July 23, 2022 provisionally allowed Hamza Shehbaz to continue as a `trustee` chief minister of Punjab with limited powers, as it observed that the ruling of the Punjab Assembly`s deputy speaker regarding rejection of votes of all Pakistan Muslim League Quaid (PML-Q) lawmakers in the run-off election for the CM was prima facie in violation of the court`s judgement and Article 63-A of the Constitution.
• A three-judge bench of the SC, headed by Chief Justice of Pakistan (CJP) Umar Ata Bandial, assembled at the court`s Lahore registry at 11am to take up a petition hurriedly filed on Friday midnight by Punjab Assembly Speaker Chaudhry Parvez Elahi, a candidate for the CM`s office against Hamza, against the ruling of Deputy Speaker Dost Muhammad Mazari. Justice Ijazul Ahsan and Justice Munib Akhtar were the other members of the bench.
• At the outset of the hearing, PTI senator Barrister Syed Ali Zafar, on behalf of Mr Elahi, explained to the bench the CM`s election held in light of the Supreme Court`s judgement passed on likely seemed to be a controversy regarding the proper understanding or comprehension of the statement of law in the judgement rather than an interpretation of a constitutional provision

2. Federal govt seeks foreign investment for Ring Road project

• The federal government is seeking foreign investors for the Rawalpindi Ring Road and Economic Corridor project while Punjab government has failed to appoint a consultant to conduct a third-party validation for determination of an optimal route for the corridor.
• A senior official of the Punjab Planning and Development Department told Dawn that after Prime Minister Shehbaz Sharif`s visit to UAE, the federal government had enlisted five main projects to fetch foreign investment.
• These projects are: Parco coastal refinery Phase-I oil import terminal, Kharian-Rawalpindi Motorway, Rawalpindi Ring Road, Karachi Circular Railway and Rail Connectivity of Thar Block-II with railway network

3. Pakistan`s financing needs of $33.5bn fully met for 2022-23: SBP chief

• Pakistan`s $33.5 billion external financing needs are fully met for 2022-23, the central bank chief said on July 23, 2022, adding that `unwarranted` market concerns about its financial position will dissipate in weeks.
• Fears have risen about Pakistan`s stuttering economy as its currency fell nearly 8 per cent against the US dollar in the last trading week, while the country`s forex reserves stand below $10 billion with inflation at the highest in more than a decade.
• `Our external financing needs over the next 12 months are fully met, underpinned by our ongoing IMF programme,` State Bank of Pakistan Acting Governor Murtaza Syed said in an emailed reply to questions

4. Agreement with Kabul reached to facilitate coal trade for power generation

• Pakistan and Afghanistan have reached an agreement to facilitate bilateral trade, especially coal for use in power generation to bridge the shortfall in electricity production in the wake of the high cost of furnace oil in the international market.
• Coal is already being imported in small quantities for power generation via Chaman border station in Balochistan. Under the new agreement, coal imports will start at custom stations in Kharlachi and Ghulam Khan in Khyber Pakhtunkhwa.
• The coal will be used in power production at two plants Hubco and Sahiwal plants. On July 5, the government authorised the trade of all rupee-denominated goods via land routes

5. 12 public libraries being set up in Khyber Pakhtunkhwa

• The achieves and libraries directorate is working for the establishment of public libraries in 12 districts with the help of Rs100 million allocated for the current budget, say officials.
• Officials told that under the plans, the province would have one library at the district level in future.
• They said the directorate was also working on a separate project to set up seven libraries in tribal districts.
• The officials said currently, there were public libraries in 18 districts and they included the Rehman Baba Library in Peshawar and Ghazi Tehsil Library in Haripur

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6. Trump, Pence hold duelling rallies as rivalry intensifies

• Donald Trump and his ex-wingman Mike Pence, who went from White House partners to bitter rivals, held dueling rallies on July 23, 2022 in Arizona, where an upcoming Republican primary election offers an early test of their potential 2024 showdown.
• The convergence of campaign events came a day after a congressional hearing on the US Capitol assault, in which a White House security official said members of Pence`s Secret Service detail feared they would die as rioters stormed the building.
• Trump, who like Pence is considering running for president in 2024, has savaged his former vice president for what he describes as a failure to block the certification of the 2020 election results and send the process back to the US states

7. China`s home-grown C919 jet ready for commercial operations

• China`s homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on Saturday.
• The state-owned manufacturer Commercial Aircraft Corp of China (COMAC) said on its official social media account that the six test planes have finished the testing tasks as the programme enters the Knal stage of receiving a certificate from the Civil Aviation Administration of China which is required for commercial operations.
• That would mark a milestone in China`s ambitions to climb up the manufacturing supply chain. China`s COMAC is now effectively the third option in the market for planes with more than 100 seats, after Boeing and Airbus struck deals to take over production of rival planes made by Embraer and Bombardier

8. WHO declares global emergency over monkeypox

• The rapidly spreading monkeypox outbreak represents a global health emergency, the World Health Organisation`s highest level of alert, WHO Director-General Tedros Adhanom Ghebreyesus said on Saturday.
• The World Health Organisation on Saturday declared the outbreak, which has affected nearly 16,000 people in 72 countries, to be a global health emergency the highest alarm it can sound.
• The WHO label a `public health emergency of international concern` is designed to sound an alarm that a coordinated international response is needed and could unlock funding and global efforts to collaborate on sharing vaccines and treatments

9. Iraq preparing to host Saudi, Iran FMs talks publicly

• Iraq has said it is preparing to host a `public` meeting of the foreign ministers of Iran and Saudi Arabia as the two rivals seek to mend ties.
• Since April last year, Iraq has hosted five rounds of talks between Saudi Arabia and Iran, which support opposing sides in various conflicts around the region. Those encounters were held privately and at a low level, involving security and intelligence officials.
• On July 23, 2022, Iraqi Foreign Minister Fuad Hussein said his Iranian and Saudi counterparts would be meeting in Iraq at an undisclosed date. `I contacted the foreign minister of Iran about this,` Hussein said in an interview with Kurdish TV channel, Rudaw

10. California enacts gun control law

• California`s governor has signed into law new gun control legislation modeled on a controversial legal approach used in Texas to curb access to abortions.
• The law that Governor Gavin Newsom signed Friday will allow individuals to seek $10,000 from any person or company that manufactures, sells, or transports firearms that are banned in the state, which includes assault rifles and homemade so-called `ghost` guns.
• State Senator Anthony Portantino, speaking at a press conference, was explicit that he and his bill co-authors had the Texas law in mind when they wrote their legislation. `Frankly, if Texas can use a private right of action to attack women, we can use a private right of action to make California safer,` he said

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