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Daily Top-10 Current Affairs MCQs / News (June 09, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (June 09, 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 09, 2022: National / International Current Affairs

1. Planners set 5pc GDP growth target for next year

• The National Economic Council (NE C) on June 8, 2022 set next year`s economic growth rate target at five per cent with a Rs2.184 trillion worth of consolidated public sector investment almost unchanged from Rs2.135tr development allocation in the current year.
• The meeting of the NEC the country`s highest economic decision-making body was presided over by Prime Minister Shehbaz Sharif. Chief ministers of three provinces other than Khyber Pakhtunkhwa and other members of the council attended.
• The participants unanimously decided that every effort would be made to reach 6pc growth rate next year

2. NA approves 11 bills without debate

• Lawmakers on June 8, 2022 passed 11 bills many of them dealing with issues of a serious nature, in a non-serious environment without discussion and without even having quorum on a dull private member`s day in the National Assembly.
• Of the 11 approved bills, eight were adopted by the lower house after suspending rules and without referring them to the committees concerned.
• Deputy Speaker Zahid Akram Durrani, who presided over the entire over three-hour-long session, continued declaring the bills `introduced` and `passed` through voice votes as the lawmakers kept on saying `Aye` without knowing what was really going on around them

3. Key medical laws repealed

• The National Assembly on June 8, 2022 repealed two controversial laws of the Medical Teaching Institution (MTI) and Pakistan Medical Commission (PMC) which had become a reason for a number of protests and litigations.
• The bill to repeal MTI was moved by Pakistan Peoples Party (PPP) legislator Agha Rafiullah while the bill to revoke the PMC was moved by Mahreen Razaque Bhutto, also from the PPP.
• National Health Services (NHS) Minister Abdul Qadir Patel thanked the parliamentarians for passing the bills, which repealed the MTI and PMC, claiming that the Pakistan Medical Commission was introduced after dissolving the Pakistan Medical and Dental Council (PMDC) while MTI bill had made the Pakistan Institute of Medical Sciences (Pims) a private hospital

4. Parliament strips judicial powers of capital`s bureaucrats

• After the Senate, the National Assembly on June 8, 2022 also gave its nod to a bill that seeks separation of the judiciary and the executive, clipping the judicial powers of assistant commissioners, the deputy commissioner and the commissioner of Islamabad.
• Now, after the approval of President Dr Arif Alvi, amendments to the 124-year-old Code of Criminal Procedure (CrPC) 1898 will finally be made.
• The NA unanimously passed a bill titled `The Code of Criminal Procedure (Amendment) Act 2022` moved by MNA Shaza Fatima Khawaja.
• Last month, the bill, introduced by Senator Irfan Siddiqui, was passed by the Senate

5. Moody`s lowers five Pakistani banks` outlook to negative

• Moody`s Investors Service on June 8, 2022 affirmed the B3 long-term deposit ratings of five leading Pakistani banks and changed their outlook to negative from stable as a fallout of its last week`s downgrade of Pakistan`s sovereign rating to negative.
• These banks are Allied Bank Limited (ABL), Habib Bank Ltd, MCB Bank Limited (MCB), National Bank of Pakistan and United Bank Ltd (UBL). As part of the same rating action, `Moody`s has changed the outlook on the banks` long-term deposit ratings to negative from stable`, it said in a statement.
• The rating agency has also downgraded the long-term foreign currency counterparty risk ratings of ABL, MCB and UBL to B3 from B2. These ratings are now constrained by the government of Pakistan`s foreign currency country ceiling, which was lowered to B3 from B2

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6. Duty rationalisation on three sectors partially approved

• The government has approved partial proposals of the Tariff Policy Board (TPB) suggesting rationalisation of duty on three sectors in upcoming budget 2022-23, while dropping two major proposals for further reduction and abolition of additional customs duty (ACD) on raw materials of the export sector.
• The TPB, led by Minister for Commerce Naveed Qamar, is the recommending body to make changes in tariffs to the Ministry of Finance. The decision will be announced in the budget 2022-23 as part of the package initiated two years ago to remove all duties on raw materials, semi-finished products used in exports.
• Well-placed sources told Dawn that the finance ministry has agreed to rationalise duties on the value chain of the packaging industry, leather dyes and textile dyes. The TPB has already conducted studies on these three sectors

7. Excluded from Americas summit, Maduro visits Turkiye

• Venezuelan President Nicolas Maduro arrived in Turklye on Tuesday for an official visit as other Latin American leaders gathered for a summit in Los Angeles, to which the United States did not invite him.
• The VTV channel showed footage of Maduro arriving at the airport in Ankara, where he was received by senior Turkish officials. Turkiye is an important ally of Venezuela.
• `I am delighted to start this international tour, in the lands of the sister Turkish nation,` Maduro wrote on Twitter.
• `I appreciate the warm wel-come and affection they have shown us. I am sure that we will consolidate the ties of union and cooperation between our peoples

8. Iran disconnects IAEA cameras at nuclear sites

• Iran disconnected some of the United Nations nuclear watchdog`s monitoring cameras on Wednesday, the country`s Atomic Energy Organisation said in a statement after Western nations accused Tehran of noncooperation.
• The move was announced after a resolution submitted by Britain, France, Germany and the United States to the International Atomic Energy Agency (IAEA) to censure Iran, the first since June 2020 when a similar motion was adopted.
• Iran said the disconnected cameras had been operating beyond the safeguard agreement between Tehran and the IAEA.
• `As of today, the relevant authorities have been instructed to cut off the On-Line Enrichment Monitor (OLEM) and the flow metre cameras of the agency, Iran`s nuclear organisation said in statement. These cameras were operating as a `goodwill gesture` which was not `appreciated` by the IAEA, but considered an `obligation`, it added.

9. Russia has no extra oil for Indian buyers

• Russia`s Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales to other customers.
• Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a `special military operation`.
• A lack of new term supply deals with Rosneft may push Indian refiners to turn to the spot market for more expensive oil. It also indicates that Russia has managed to keep exporting its oil despite increasing pressure from Western sanctions to choke Moscow`s revenue

10. Khushdil powers Pakistan past West Indies in thriller

• It looked like Pakistan had lost their way. Enter Khushdil Shah.
• With three sixes off three successive balls, the diminutive lefthander single-handedly turned the opening ODI of the three match series against the West Indies, to the delight of a packed Multan Cricket Stadium.
• The West Indies seemed to have tightened the noose around Pakistan in their chase of 306 after century-making captain Babar Azam and Mohammad Rizwan were dismissed in quick succession.
• With the asking rate rising, Khushdil knew something had to be done and Romario Shepherd was taken to the cleaners in the 47th over. The first six sailed over mid-wicket, the second straight down the ground before the third went over long-on.
• Having started the over needing 44 off 24, Khushdil`s hitting saw them end it needing 24 off 18

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