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June 23, 2022: National / International Current Affairs
1. TTP deal subject to parliament`s approval
• The military has reassured the political leadership that no extra-constitutional concessions would be given to the banned Tehreek-i-Taliban Pakistan (TTP) in the ongoing dialogue and any deal made with the terrorist group would be subject to parliamentary approval.
• The assurance was given by the military leadership at a meeting with the political leaders at Prime Minister`s House on Wednesday.
• The PM Office, in a statement issued after the meeting, stated: `The decision will be made in the light of the Constitution of Pakistan with the approval of the parliament, the guidance provided for the future and the resulting consensus
2. $2.3bn Chinese loan expected `within couple of days`, says Miftah
• Finance Minister Miftah Ismail said on June 22, 2022 that Chinese banks had signed an agreement for about a $2.3 billion loan that would flow into Pakistan`s account within a couple of days.
• Since February, Pakistan has been seeking a rollover of loans expiring very shortly to support the fast depleting foreign exchange reserves of the State Bank of Pakistan that stood at $8.99bn as of June 10.
• `The Chinese consortium of banks has today signed the RMB [renminbij 15bn (about $2.3bn) loan facility agreement after it was signed by Pakistani side yesterday,` Mr Ismail tweeted. `Inflow is expected within a couple of days. We thank the Chinese government for facilitating this transaction
3. Govt gets budget passed through PA session at Aiwan-i-Iqbal
• Holding a parallel session without the opposition in attendance, the Punjab government got its budget sailed through the assembly, giving much-needed and equally-contested legal cover to the Finance Bill.
• The budget session at Aiwan-iIqbal, where the government also passed `40 demands for grants` without any cut motion normally moved by the Opposition, which has been holding its parallel session at Punjab Assembly building.
• Sardar Awais Leghari of the PML-N, who had been notified by Chief Minister Hamza Shehbaz to deal with financial matters, concluded the `general discussion` claiming everyone will see Punjab getting better than what was left behind by the PTPs Usman Buzdar
4. No choice other than IMF-dictated budget, NA told
• Accusing the previous Pakistan Tehreek-i-Insaf (PTI) regime of bringing the country on the verge of bankruptcy, Federal Minister for Climate Change Senator Sherry Rehman on June 22, 2022 said the present coalition government had no choice but to present the budget on the dictation and terms of the International Monetary Fund (IMF).
• `This is absolutely an IMF budget.
• There is no doubt about it,` declared Ms Rehman while taking part in the general debate on the federal budget for the fiscal year 2022-23 in the National Assembly which remained in session for nearly three hours without quorum
5. Islamic Bank to help member states in tackling food crisis
• The Islamic Development Bank (IsDB) will assist member states in their efforts to ensure food security by developing `resilient and climate-smart agriculture`, said a press release issued on June 22, 2022.
• Dr Muhammad Al Jasser, the IsDB president, welcomed a decision by the bank`s Arab Coordination Group (ACG) to allocate $10 billion for ensuring food security in all member countries.
• `The Islamic Bank group has launched an extensive programme to develop agriculture and food security portfolio,` the press release said
