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Daily Top-10 Current Affairs MCQs / News (June 03, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (June 03, 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

June 03, 2022: National / International Current Affairs

1. Economic remedy proves to be the most bitter pill

• To strike a deal with the International Monetary Fund (IMF) on an urgent basis, the government immediately increased the prices of petroleum products by Rs30 per litre on June 2, 2022 and secured a determination from the power regulator for about Rs8 per unit increase in electricity rates for the next fiscal year starting July 1.
• Speaking at a news conference, Finance Minister Miftah Ismail also announced that a tax amnesty scheme announced by former prime minister Imran Khan was also coming to an end on July 2 without any application from anyone to avail it.
• He conceded that the inevitable decision would increase inflation and create problems for people but said he could not let the country go bankrupt because of the wrong decisions of the previous government as international prices were going up and the government was suffering about Rs120-130bn per month loss on petroleum subsidies, excluding taxes

2. Moody`s downgrades Pakistan outlook to `negative`

• With deteriorating external and fiscal indicators, Moody`s Investor Service downgraded Pakistan`s outlook to negative from stable on June 2, 2022 amid a delay in a deal with the International Monetary Fund (IMF) for an economic bailout.
• The New York-based credit rating agency affirmed the government of Pakistan`s B3 local and foreign currency issuer and senior unsecured debt ratings.
• `The decision to change the outlook to negative is driven by Pakistan`s heightened external vulnerability risk and uncertainty around the sovereign`s ability to secure additional external financing to meet its needs, Moody`s said in a statement

3. Hostile forces targeting CPEC progress: Chinese envoy

• Chinese envoy and Pakistani leaders on June 2, 2022 warned of growing threats to China-Pakistan Economic Corridor from fake news and disinformation about the mega-development project and emphasised the need for cooperation in countering it.
• The issue was highlighted at the 7th CPEC Media Forum, which was jointly hosted by the Chinese Embassy in Islamabad, Pakistan-China Institute, and China Economic Net, where the speakers talked about the potential of propaganda, misinformation and fake news to polarise public opinion, promote violent extremism and undermine the development project.
• CPEC has been widely projected in Pakistan as a game changer that would influence the region`s geo-strategic, geoeconomic and geo-political dynamics; and as an answer to its infrastructure shortcomings. But, at the same time media reports spread scepticism about it by pointing to the possibility of Pakistan falling in China`s debt trap, alleged absence of transparency in the projects, and environmental impact of the projects, especially coal-base d power plants

4. TTP confirms ceasefire, Fata merger still sticking point

• The outlawed Tehreek-i-Taliban Pakistan (TTP) formally announced an `indefinite ceasefire` with the government late on Thursday night, following two days of intense talks with a grand tribal jirga in Kabul.
• A statement issued by the TTP spokesman, Muhammad Khurasani, said that substantive progress had been made in talks with the grand jirga of `Pashtun nation, particularly tribal elders and ulema`.
• The 57-member government-sponsored jirga left for the Afghan capital on Wednesday to continue negotiations with the TTP, mediated by the Islamic Emirate of Afghanistan and supervised by Sirajuddin Haqqani, the acting Afghan interior minister.
• A member of the jirga told Dawn there had been heated discussions between the two sides, and the sticking point was the TTP`s demand for the reversal of Fata`s merger with Khyber Pakhtunkhwa

5. States have right to access dual-use technology, says Pakistan

• Pakistan has said at a UN non-proliferation debate this week that states have a `legitimate right` to avail dual-use technologies and materials, while keeping non-state actors away from those.
• India, however, used the open consultations of the UN Security Council on non-proliferation to insist that `new and emerging technologies` increase the risk of non-access actors getting their hands on weapons of mass destruction (WMDs).
• Pakistan argued that `insecurity of states` was `the principal driver of proliferation` and it `must be unreservedly addressed.
• `The right to access technologies and participation in the decision-making processes regarding global regulation of technology should also be enjoyed by all states in a non-discriminatory manner,` Pakistani delegate Gul Qaiser said

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6. Javed Iqbal quits as NAB chief

• Retired Justice Javed Iqbal relinquished charge as National Accountability Bureau chairman on June 2, 2022 after the expiry of a recently promulgated ordinance which had allowed him to stay in office until the appointment of a new chief.
• The previous government had promulgated the ordinance to extend the NAB chief`s tenure for an indefinite period.
• However, the new government got a bill passed in the National Assembly which has made the watchdog, as described by PTI leaders, `toothless`.
• A few names are in contention for succeeding Justice Javed Iqbal as NAB chairman

7. Over 700m people globally have no access to electricity: WB report

• A new World Bank report says 733 million people globally have no access to electricity, while 2.4 billion people are still using fuels detrimental to their health and the environment.
• At the current rate of progress, 670m people will remain without electricity by 2030 10 million more than projected last year, according to the `Energy Progress Report`, which is the 2022 edition of Tracking SDG-7 released on Wednesday. The report shows that the impacts of the pandemic, including lockdowns, disruptions to global supply chains, and diversion of fiscal resources to keep food and fuel prices affordable, have affected the pace of progress toward the Sustainable Development Goal (SDG 7) of ensuring access to affordable, reliable, sustainable and modern energy by 2030.
• Nearly 90m people in Asia and Africa, who had previously gained access to electricity, can no longer afford to pay for their basic energy needs, points out the report

8. North Korea takes over as UN disarmament president

• North Korea, which is under sanctions for developing nuclear weapons in defiance of United Nations Security Council Resolutions, has taken over as head of a UN body aimed at striking disarmament deals amid scorn from critics.
• This year North Korea has tested a flurry of ballistic missiles also banned by UNSC resolutions and appears to be preparing to conduct a new nuclear test for the first time since 2017. It gained the presidency of the Conference on Disarmament because it rotates alphabetically among its 65 members.
• `The DPRK remains committed to contributing to global peace and disarmament and attaches importance to the work of the conference,` Ambassador Han Tae Song told the Geneva meeting, saying it was an `honour and a privilege` to hold the role

9. Four Palestinians killed by Israeli forces in two days

• Israeli troops shot dead a teen in the West Bank on June 2, 2022, the Palestinian health ministry said, the fourth Palestinian killed in the occupied territory in two days.
• The ministry identified the slain Palestinian as 17-year-old Odeh Odeh, who was hit in the chest by what it said was an Israeli bullet near the village of Al-Madiya, west of Ramallah.
• The Israeli army had no immediate comment.
• It came hours after a Palestinian man was killed during a clash with Israeli forces conducting an arrest operation in the Dheisheh refugee camp near Bethlehem

10. Indian officials meet Taliban, discuss bilateral ties, aid

• A team of Indian officials met the acting Taliban foreign minister of Afghanistan on June 2, 2022 to discuss bilateral ties and humanitarian aid, the Taliban said, in what was the first such visit to Kabul since the chaotic withdrawal of US troops last year.
• Poverty and hunger have rocketed in Afghanistan since the Taliban took power after the United States pulled out, and India has sent food grains and other aid.
• The Taliban administration`s acting foreign minister, Mawlawi Amir Khan Muttagi, met an Indian foreign ministry delegation led by senior official J.P. Singh

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