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Daily Top-10 Current Affairs MCQs / News (June 07, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (June 07, 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 07, 2022: National / International Current Affairs

1. Slower growth may help cure `ailing economy`

• The prevailing political uncertainty and the International Monetary Fund (IMF) programme-led economic stabilisation efforts are likely to slow down the country`s growth prospects and keep the inflation rate elevated next fiscal year (FY2022-23), as the federal and provincial governments adopt fiscal and monetary tightening policies.
• This is said to be the central theme of next year`s macroeconomic framework and development programme to be approved by the National Economic Council (NEC) in its meeting due later this week. Led by the prime minister, the NEC comprises the four chief ministers and as many federal ministers. The Azad Jammu and Kashmir prime minister and Gilgit-Baltistan chief minister also attend the meetings of the country`s highest economic and development policymaking body

2. Muslim world pushes India for apology from BJP

• The Indian government on June 6, 2022 sought to calm anger at home and abroad following derogatory remarks by BJP members about the Holy Prophet (peace be upon him), as Pakistan and other Islamic countries continued to put pressure on New Delhi to apologise for hurting the sentiments of millions of Muslims around the world.
• According to Reuters, at least 38 people were arrested for rioting in Kanpur while another protest was held in Mumbai.
• Top Indian of ficials remained engaged with managing the diplomatic fallout as more Muslim nations, including Pakistan, Saudi Arabia, Oman, UAE, Maldives, Jordan, Afghanistan and Iran as well as the influential Al-Azhar University in Cairo demanded an apology from the government in Delhi for allowing the derogatory remarks, an Indian foreign ministry official said

3. Education ministry fails to utilise funds donated by Germany in 1993

• President Dr Arif Alvi on June 6, 2022 ordered the Ministry of Federal Education and Professional Training to conduct an inquiry against officials concerned who failed to utilise a German donation of Rs13.70 million lying with the government since 1993-94.
• The president said the amount was given for purchase of paper for printing of cheap textbooks.
• Dr Alvi directed the Ministry of Federal Education and Professional Training to conduct an inquiry and take action against the officials responsible for the lapse, says a press release issued by the Presidency

4. Rabbani withdraws five bills to protest `shrinking space` for civilians

• Former Senate chairman and PPP leader Mian Raza Rabbani on June 6, 2022 moved a motion in the house seeking withdrawal of five constitutional amendment bills he had introduced earlier, in protest against the `shrinking space for civilians` in the country`s affairs.
• `The Constitution and the constitutional system in Pakistan is under a severe attack,` the PPP senator said while explaining the reasons for his decision. He said that on the one hand, the judiciary had introduced the `reading in the Constitution` doctrine and, on the other, the ISI had been given the role of vetting appointments, transfers, postings and promotions of civil bureaucracy.
• `Where are we heading? Which civilian supremacy we talk about?` he asked

5. Foreign banks demand 100pc cash margin for opening oil LCs

• Import of oil is no more possible through local banks, while the foreign banks are not ready to open letters of credit (LCs) unless a full amount is deposited by importers, sources in the financial market told Dawn.
• However, Pakistani authorities are trying to convince the oil-exporting countries to accept LCs with a 10 or 20 per cent cash margin as the demand for depositing full payment could be devastating for the country already faced with dollar shortages, bankers familiar with the developments told Dawn on Monday.
• The situation was critical for the local currency which depreciated further by Rs2.14 against the US dollar interbank market on Monday. The greenback snapped over a week-long losing streak against the rupee and appreciated by 33 paise to Rs197.92 on June 3

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6. PSX joins UN-backed SSE initiative

• The Pakistan Stock Exchange (PSX) said on June 6, 2022 it has joined the Sustainable Stock Exchanges (SSE) initiative, which is a partnership programme organised by the United Nations Conference on Trade and Development (UNCTAD), UN Global Compact, UN Environment Programme Finance Initiative (UNEP-FI) and Principles for Responsible Investment.
• A press release said the SSE initiative`s goal is the capacity building of stock exchanges and securities market regulators around the world to promote responsible investment in sustainable development and help improve corporate performance on Environmental, Social and Governance (ESG) issues, including the financing of the UN Sustainable Development Goals

7. Global crisis must not delay climate action, UN talks told

• Negotiators from almost 200 countries met in Germany on June 6, 2022 for climate talks tasked with reigniting momentum on tackling global warming, as Russia`s invasion of Ukraine overshadows the threat from rising emissions.
• The conference will set the stage for a fresh round of major United Nations talks later this year in Egypt.
• It will also be a chance to test the resolve of nations facing a catalogue of crises, including escalating climate impacts, geopolitical tensions, bloodshed in Ukraine and the threat of a devastating global food crisis.
• Issuing a call for international unity to hold firm, outgoing UN climate change chief Patricia Espinosa told delegates it was `not acceptable to say that we are in challenging times`

8. S. Korea, US fire missiles after tests by North

• South Korea and the United States fired eight ballistic missiles on June 6, 2022 in response to North Korean weapons tests the previous day, Seoul`s military said.
• The Joint Chief s of Staff said the allies launched the ground-to-ground Army Tactical Missile System (ATACMS) at targets in the East Sea, also known as the Sea of Japan, in the early morning.
• The 10-minute volley comes a day after North Korea launched eight short-range ballistic missiles following a South Korea-US joint military exercise involving a US aircraft carrier.
• `Our military strongly condemns the North`s series of ballistic missile provocations and sternly urges it to immediately stop acts that raise military tensions on the peninsula,` the Joint Chiefs of Staff added

9. Johnson wins leadership challenge

• British Prime Minister Boris Johnson won a confidence vote on June 6, 2022, seeing off a challenge to his leadership brought by lawmakers within his Conservative Party.
• Johnson won the vote 211 to 148, according to Graham Brady, chairman of the party committee that oversaw the ballot.
• Johnson earlier defended his record on delivering Brexit, fighting the Covid pandemic and Britain`s hawkish support for Ukraine against Russia.
• `This is not the moment for a leisurely and entirely unforced domestic political drama and months and months of vacillation from the UK,` he told Tory MPs, according to a senior party source.

10. US, Europe may seek to censure Iran amid stalled nuclear talks

• Major European countries and the United States are expected to seek to censure Iran as the UN atomic watchdog started meeting on Monday with talks to revive the 2015 nuclear deal stalled.
• The resolution drafted by the United States, Britain, France and Germany is a sign of their growing impatience as diplomats warn the window to save the landmark agreement is closing. The International Atomic Energy Agency`s Board of Governors meets on Monday through Friday in Vienna. If the resolution urging Iran to `cooperate fully` with the IAEA is adopted, it will be the first motion censuring Iran since June 2020

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