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Daily Top-10 Current Affairs MCQs / News (June 22, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (June 22, 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 22, 2022: National / International Current Affairs

1. Balochistan presents Rs613bn budget

• The Balochistan government presented a deficit budget for the next fiscal year on June 21, 2022 with a total outlay of Rs612.79 billion.
• With the provincial income estimated at Rs540bn, the deficit would stand at Rs72.8bn, or around 12 per cent of the outlay. The budget sets aside 5.7pc and 3.7pc higher allocations for non-development and development heads, respectively, compared to the original estimates for the outgoing fiscal year.
• In the budget for the outgoing year, the provincial government indicated a deficit of Rs84.7bn in its estimated resources and expenditure, which is projected to curtail the originally allocated provincial contribution to the development plan from Rs172.5bn to Rs91.8bn by the close oftheyearonJune30.
• Thus, it is safe to assume that the failure to take in enough resources to fill the projected deficit, the province is likely to end up cutting its development stimulus by a huge margin next year as well

2. `Lifeline` IMF deal secured

• In a breakthrough, Pakistan and the International Monetary Fund (IMF) on June 21, 2022 night reached an understanding on the federal budget for 2022-23, leading to revival of the extended fund facility (EFF) after authorities committed to generate Rs436 billion more taxes and increase petroleum levy gradually up to Rs50 per litre.
• The understanding was reached during a meeting, held via video link, between the IMF staff mission and the Pakistani economic team, led by Finance Minister Miftah Ismail.
• The IMF mission will finalise monetary targets with the State Bank over the next couple of days and, in the meantime, share the draft of a Memorandum of Economic and Financial Policy (MEFP)

3. Speaker-led Punjab PA legislates sans Hamza govt

• The Punjab Assembly session convened by Speaker Parvez Elahi passed the Punjab Free and Compulsory Education (Amendment) Bill 2020 in the absence of the law minister and any member of the treasury, who were holding a parallel session in a nearby official building here on June 21, 2022.
• The private bill was moved by Mian Shafi Muhammad. It was supported by members from both sides of the aisle and then referred to the standing committee on school education in December 2020. The panel had accorded its approval, yet the draft had been pending since then.

4. Cabinet bets on Sukuk bonds for economic stability

• The federal cabinet on June 21, 2022 decided to issue Sukuk bonds and impose more tax on wealthy people to provide relief to the poor who were burdened by unprecedented inflation.
• Presided over by Prime Minister Shehbaz Sharif, the meeting decided to issue Sukuk bonds in both local and international markets on 40 assets including highways, lands and hotels of the defunct Pakistan Tourism Development Corporation (PTDC).
• Talking to media after the meeting, the prime minister said: `We will not hesitate to take any step that helps strengthen the economy.` He said in the budget 2022-23, the coalition government had decided to redistribute the economic burden on the poor by taxing the rich

5. CM announces regularisation of all 58,000 ad hoc teachers

• Khyber Pakhtunkhwa Chief Minister Mahmood Khan has announced to regularise all the ad hoc teachers from the date of their appointment.
• He made the decision while talking to a delegation of the young teachers association, which called on him here on June 21, 2022.
• The chief minister said seniority of all the regularised teachers would remain intact from the same date, whereas annual increments of employees would be absorbed in their basic pay.
• The chief minister said he had signed the summary for regularisation of teachers and a draft bill to this effect would be submitted to the provincial assembly after approval from the provincial cabinet

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6. French court blocks city`s bid to allow `burkini` in pools

• A top French court on June 21, 2022 blocked a bid to allow the `burkini` at municipal pools in the city of Grenoble, upholding a government challenge against a move that revived France`s intense debate on Islam.
• The all-in-one swimsuit, used by some Muslim women to cover their bodies and hair while swimming, is a controversial issue in France where critics see it as a symbol of creeping Islamisation.
• Backing the national government`s objection against the move, the Council of State said that `very selective exception to the rules to satisfy religious demands risks affecting the proper functioning of public services and equal treatment of their users`

7. Signatories to UN treaty seek to banish `evil` of nuclear war

• Suechi Kido was five years old when he lived through the bombing of Nagasaki. This week he has been in Vienna to meet the architects of a new treaty that seeks to abolish nuclear weapons.
• For the first time since the UN Treaty on the Prohibition of Nuclear Weapons (TPNW) came into effect in early 2021, diplomats, activists and experts are meeting this week to discuss how the agreement will work in practice and how more countries can be persuaded to join.
• In a press conference opening the meeting on Tuesday, Austrian Foreign Minister Alexander Schallenberg alluded to the ways Russia`s invasion of Ukraine had raised the spectre of nuclear conflict. `The nuclear sword of Damocles is more present and hanging lower over our heads than ever before,` he said, adding that `so many red lines have been crossed` in recent weeks. `We cannot allow nuclear destruction to be one of them,` he said

8. Modi to attend BRICS summit hosted by Xi

• Indian Prime Minister Narendra Modi will attend the five-nation summit of BRICS on June 23 and 24 following an invitation by Chinese President Xi Jinping, the Ministry of External Affairs (MEA) announced on June 21, 2022.
• China is hosting the summit in its capacity as its chair of the grouping for the current year.
• The BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries in the world, representing 41 per cent of the global population, 24 percent of the global GDP and 16 percent of the global trade

9. UN bans two Taliban officials from travelling abroad

• The United Nations on June 21, 2022 banned two Taliban officials from travelling abroad in response to the harsh restrictions the hardline regime has imposed on Afghan women, diplomats said.
• Travel exemptions permitting 15 Taliban officials to go abroad for talks and negotiations were set to expire on Monday.
• For 13 officials the travel exemptions were extended for at least two months, but they were scrapped for two education officials in response to the Taliban`s decision to ban secondary girls` education

10. Sale of Muratov`s Nobel medal smashes all records

• The auction of Russian journalist Dmitry Muratov`s Nobel gold medal for a whopping $103.5 million to benefit children displaced by the war in Ukraine smashed the record for Nobel medals.
• The Nobel Peace Prize medal was sold to an as yet unidentified phone bidder at a sale in New York on Monday organised by Heritage Auctions.
• Muratov won the medal, made of 150 grammes of 18-carat gold, in 2021 when he was awarded the Peace Prize together with Maria Ressa of the Philippines `for their ef forts to safeguard freedom of expression`

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