Daily Top-10 Current Affairs MCQs / News (June 05, 2021) for CSS, PMS

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June 05, 2021: National / International Current Affairs

1. Govt pays Rs89bn to 20 IPPs as first instalment

• The government on June 4, 2021 completed Rs89.2 billion transactions as the first instalment of payments to 20 independent power producers (IPPSs) from the Rs403bn committed under a settlement agreement with 46 IPPs signed in February.
• Payment to other IPPs suffered delay as the National Accountability Bureau (NAB) had decided to examine the deal.
• `The government has completed the first payment transaction of 40pc to 20 IPPs amounting to Rs89.2bn equally divided in cash, five years` Sukuk and 10 years` Pakistan Investment Bonds (PIBs),` the Ministry of Finance said, adding the transaction was coordinated by the State Bank of Pakistan, power division and its various organisations

2. Pakistan`s rating on FATF recommendations gets better

• The Asia Pacific Group (APG) on Money Laundering has improved Pakistan`s rating on 21 of the 40 technical recommendations of the Financial Action Task Force (FATF) against money laundering and terror financing, but retained it on `Enhanced Follow-up` for sufficient outstanding requirements.
• The second Follow-Up Report (FUR) on Mutual Evaluation of Pakistan released by the APG a regional affiliate of the Paris-based FATF also downgraded the country on one criteria. The report said Pakistan was re-rated to `compliant` status on five counts and on 15 others to `largely compliant` and on yet another count to `partially compliant`.

3. US airlifts medical supplies to Pakistan, other countries

• The US government has airlifted emergency medical supplies to Pakistan, the Maldives and Sri Lanka to stop the spread of Covid-19, the State Department said on June 4, 2021.
• The supplies, managed by the US Agency for International Development, are part of a programme to `help save lives` by meeting urgent health needs across South Asia, the State Department`s spokesperson Ned Price said at a news briefing in Washington.
• In Pakistan, this flight will bring 1,200 pulse oximeters, and 340,000 pieces of personal protective equipment (PPEs) for healthcare professionals

4. PA passes bill to set up provincial evacuee trust property board

• The Sindh Assembly on June 4, 2021 passed the Sindh Evacuee Trust Properties (Management and Disposal) Bill, 2019 enabling the provincial government to manage evacuee properties attached to charitable, religious or educational trusts or institutions.
• Presented by Parliamentary Affairs Minister Mukesh Kumar Chawla, the new provincial law also repeals the provision of the Evacuee Trust Properties (Management and Disposal) Act, 1975, a federal law, to the extent of Sindh.

5. World loses $2.6tr to corruption annually, UNGA told

• Cautioning the international community that $2.6 trillion corruption is committed annually around the world, National Accountability Bureau (NAB) chairman Javed Iqbal on June 4, 2021 said Pakistan attached high priority to fighting corruption as part of the international commitment to end poverty, curb illicit financial flows and ensure peace and prosperity.
• `Corruption is estimated to cost the world at least $2.6 trillion annually, approximately five per cent of the global gross domestic product (GDP),` he said in his address to the UN General Assembly`s special session against corruption via a video link.

6. EU, UK launch probe into use of advertising data by Facebook

• The European Union and Britain launched parallel competition probes on June 4, 2021 into whether Facebook uses data from advertisers to unfairly dominate the online classified market.
• The US social media behemoth sells classified advertising on its Marketplace service, but also gathers data from commercial advertising that may give it an unfair advantage _ a charge the firm declared `without merit`.
• Investigators will also probe whether Facebook`s single user log-in allows it to unfairly use data gathered across its social media, dating app and advertising platforms

7. Putin asks EU to pay for gas in euros instead of dollars

• President Vladimir Putin said on June 4, 2021 that European nations should pay for Russian gas in euros, as the Kremlin moves to dump the dollar following rounds of US sanctions.
• `The euro is completely acceptable for us in terms of gas payments. This can be done, of course, and probably should be done,` Putin said at the Saint Petersburg International Economic Forum.
• The Russian leader`s comments came a day after his economy ministry announced it was dropping the dollar from its National Wealth Fund (NWF) and shifting to other currencies.

8. G7 ministers back US proposal to tax MNCs for Covid funds

• Finance ministers from wealthy G7 nations on June 4, 2021 moved towards supporting US-backed plans for a minimum global level of corporate tax aimed at getting multinationals especially tech giants to pay more into government coffers hit hard by the pandemic.
• British finance minister Rishi Sunak chaired the first of two days of meetings-held in person after an easing of Covid restrictions and attended by counterparts from Canada, France, Germany, Italy, Japan and the United States

9. Facebook suspends Trump`s account

• Facebook Inc on June 4, 2021 suspended former US president Donald Trump from its platform until at least January 2023 and announced changes to how it will treat rule-breaking world leaders in the future.
• Facebook said the suspension, which will last at least two years from Jan 7 when he was initially blocked after the Capitol riot, will only be lif ted if the risk to public safety has receded. Trump called the Facebook suspension `an insult` to Americans who voted for him

10. Egypt sends equipment to begin reconstruction work in Gaza

• Egypt has sent a convoy of engineers and building equipment to Gaza to begin reconstruction in the Palestinian enclave after the recent Israeli Palestinian conflict, Egyptian state television reported on June 4, 2021.
• Dozens of bulldozers, cranes and trucks flying Egyptian flags lined up along the border to begin crossing into the Gaza Strip, television pictures showed.
• Palestinians lined the street on the Gaza side of the Rafah crossing to welcome the convoy as it rumbled into the small coastal enclave.
• A Palestinian border official said 50 vehicles had crossed

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