Site icon CSS Times

Daily Top-10 Current Affairs MCQs / News (May 21, 2022) for CSS, PMS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs / News (May 21, 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

May 21, 2022: National / International Current Affairs

1. Punjab `in limbo` after PTI dissidents shown the door

• In a development that is set to deepen political crisis in Punjab, the Election Commission of Pakistan (ECP) on May 20, 2022 de-seated 25 PTI-affiliated members of the Punjab Assembly because they voted for PML-N`s Hamza Shehbaz in the election for the office of chief minister, against party directions.
• `……we are of the view that the casting of votes by the respondent in favour of opposing candidate is a serious issue and worst form of betraying the electorate and party`s policy. Therefore, we hold that the defection in the subject cases shall not depend upon strict proof of observance of pre-requisites as provided in Article 63-A.
• `. .the respondents cease to be members of Punjab assembly and their seats become vacant,` ECP held in its decision

2. Budget to be presented on June 10, says official

• Amid ongoing talks with the International Monetary Fund (IMF) in Doha, the government seeks to present the federal budget 2022-23 in the National Assembly on June 10.
• `The annual budget for FY2022-23 along with the Finance Bill 2022 is scheduled to be presented in the National Assembly of Pakistan on Friday, June 10, 2022,` Secretary Finance Hamed Yaqoob Sheikh has informed the relevant authorities conveying the approval of the prime minister of the budget schedule.
• Mr Sheikh also asked Secretary Cabinet Division that `a special budget meeting of the federal cabinet may kindly be convened for the consideration of the budgetary proposals`

3. Govt to revive dormant Nacta, review NAP, NA told

• Admitting that terrorism is on the rise in the country, the new coalition government on May 20, 2022 informed the National Assembly that it had decided to revive the dormant National Counter Terrorism Authority (Nacta) and review the National Action Plan (NAP) that had been launched by the previous PML-N government after the terrorist attack on Army Public School in Peshawar in 2014.
• The announcement came from Minister for Information Marriyum Aurangzeb while responding to the speech delivered by Dr Fehmida Mirza of the Grand Democratic Alliance (GDA) on a point of order as the house saw another minister blasting the judiciary for banning the transfers and postings of the officers investigating high-profile corruption cases through a suo motu notice.
• In another development later in the evening, Speaker Raja Pervez Ashraf nominated PTI dissident from Faisalabad Raja Riaz Ahmed as the new opposition leader-a position that has acquired great significance after the passage of the 18th Constitution ISLAMABAD: Admitting that terrorism is on the rise in the country, the new coalition government on Friday informed the National Assembly that it had decided to revive the dormant National Counter Terrorism Authority (Nacta) and review the National Action Plan (NAP) that had been launched by the previous PML-N government after the terrorist attack on Army Public School in Peshawar in 2014

4. Shehbaz proposes including Turkey in CPEC

• Prime Minister Shehbaz Sharif has proposed turning the China-Pakistan Economic Corridor (CPEC) into a `trilateral arrangement` between China, Pakistan and Turkey so that all three nations could benefit from its potential.
• He made the remarks while addressing a launching ceremony on Friday at Karachi Shipyard and Engineering Works for the third Milgem corvette built by Turkey, where he was the chief guest. `Trade activities have the potential to increase manifold with the development of financial and industrial activities. The ongoing CPEC project is set to translate our desire to enhance regional connectivity and maximise trade […] with Gwadar at its focal point,` the premier said.
• `I would like to avail this opportunity to propose that let this CPEC be a trilateral arrangement between China, Pakistan and Turkey and let us benefit from its wonderful potential to benefit our nations,` he said, assuring the participants that the government was committed to developing maritime infrastructure

5. Bilawal arrives in China today

• Foreign Minister Bilawal Bhutto-Zardari is scheduled to arrive in China on Saturday (May 21, 2022) on a two-day visit on the invitation of State Counsellor and Foreign Minister Wang Yi.
• According to an official statement of the Foreign Office, the minister of state for foreign affairs and senior officials would be part of the foreign minister`s delegation.
• During the visit, the foreign minister will hold extensive consultations with Mr Wang.
• The two leaders will review the entire gamut of bilateral relations with particular focus on stronger trade and economic cooperation between the two countries

Click on below NEXT button
to read next 6-10 Current Affairs

6. PM removes 17pc GST on solar panels

• In a move to encourage power generation through alternative energy sources, Prime Minister Shehbaz Sharif on May 20, 2022 announced removal of 17 per cent general sales tax on solar panels imposed by the previous PTI government, claiming that it is only way forward to reduce the country`s oil import bill that stood at $20 billion amid the fast rising prices of the US currency that has crossed the barrier of Rs200.
• The announcement from the premier came during his meeting with Karachi industrialists and businessmen at CM House to discuss `key issues of economy` and `suggest measures to meet the current challenges` that has crippled the country`s financial system and put the new PML-N-led coalition government at the crossroads.
• After almost half-an-hour address, PM Sharif invited proposals and questions from the businessmen that led to immediate orders on few and promises of review on others

7. National Assembly adopts bill on fiscal responsibility and debt limitation

• The National Assembly on Friday passed the Fiscal Responsibility and Debt Limitation (FRDL) (Amendment) Bill, 2022, with a majority vote after reaching an understanding with a small group of opposition members.
• The bill, which was not in the original agenda, was presented for its passage by Minister of State for Finance Aisha Ghaus Pasha through a supplementary agenda amid protest by members of the Grand Democratic Alliance (GDA).
• The amendment bill will strengthen the Debt Office with the mandate and resources for effective planning and execution of debt management functions of the government.
• The bill, according to the Statement of Objects and Reasons, provides for reduction of federal fiscal deficit and ratio of public debt to gross domestic product to a prudent level by effective public debt management

8. Sunak becomes first UK politician to make rich list

• British Finance Minister Rishi Sunak became on May 20, 2022 the first high-profile British politician to make the Sunday Times Rich List, weeks after his family`s tax arrangements attracted controversy and amid a cost-of-living crisis.
• Sunak and his Indian wife Akshata Murty, whose father co-founded the IT behemoth Infosys, made the annual list for the first time with their joint 730 million ($911 million, 861 million euros) fortune.
• The bulk of their wealth is believed to come from Murty`s 690-million stake in Infosys, but Sunak also had a highly lucrative career in finance before entering politics in 2015. The listing, which started in 1989, this year estimates the minimum wealth of Britain`s 250 richest people or families, and features far fewer Russian billionaires due to Western sanctions following the invasion of Ukraine

9. Kyiv orders troops to lay down arms in Mariupol

• Ukraine on May 20, 2022 ordered its last troops holed up in Mariupol`s besieged Azovstal steelworks to lay down their arms after nearly three months of desperate resistance against a ferocious Russian assault.
• Russia`s flattening of the strategic port city has drawn multiple accusations of war crimes, including a deadly attack on a maternity ward, and Ukraine has begun a reckoning for captured Russian troops.
• The first post-invasion trial of a Russian soldier for war crimes neared its climax in Kyiv, after 21-year-old sergeant Vadim Shishimarin admitted to killing an unarmed civilian early in the offensive. The verdict is due on Monday

10. Biden arrives in Seoul amid fears of N-test by North Korea

• US President Joe Biden arrived in South Korea on May 20, 2022, his first Asia trip as US leader, aiming to cement ties with regional security allies despite growing fears of a North Korean nuclear test.
• Biden wants the trip to boost a years-long US pivot to Asia, where rising Chinese commercial and military power is undercutting Washington`s dominance.
• He received a warm welcome from South Korea`s new President Yoon Suk-yeol, but there is growing concern that North Korea`s unpredictable leadership could conduct a nuclear test while he is in the region

Check our daily updated ‘s Complete Day by Day Current Affairs Notes

May 2021:

April 2021:

March 2021:

February 2022:

January 2022:

Exit mobile version