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Daily Top-10 Current Affairs MCQs/News (Nov 19 2022) for CSS

Shahzad F. Malik
Daily Top-10 Current Affairs MCQs/News (Nov 19 2022) for CSS
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

November 19, 2022: National Current Affairs

1. UN climate summit drags on amid funding deadlock

• UN climate talks were extended by a day on November 18, 2022, in an effort to break a deadlock as nations tussled over funding for developing countries battered by weather disasters and ambition on curbing global warming, with wealthy and developing nations struggling to find common ground on creating the fund only hours before the summit was scheduled to end.
• In addition, a campaign by the South Pacific island nation of Vanuatu for the world`s top court to take a stance on protecting people from climate change gained momentum on Friday, winning the support of almost half the nearly 200 countries at a global summit.
• In total, 86 countries gave their support to a resolution to ask the International Court of Justice (ICJ) to clarify what obligations governments have to protect their own populations and others

2. Pakistan no longer faces default risk, NA told

• Amid claims by former prime minister Imran Khan that default is staring Pakistan in the face and reports about delay in formal talks with IMF on the ninth review of $7bn loan programme, Minister of State for Finance and Revenue Aisha Ghaus Pasha assured the nation on November 18, 2022 that the country was not facing any danger of going to default.
• The minister held out the assurance in the National Assembly when Mussarat Rafiq Mahesar of Pakistan Peoples Party (PPP) put a direct question to her, `If Pakistan is going to default?` `Alhamdulillah [Thank God], there is no such possibility. Yes, we were worried when we took over the government [in April] because at that time the IMF programme was suspended and the avenues of getting external finances were closed for us,` said the minister.
• However, she claimed, the situation had improved a lot after the government took some `very difficult decisions` and revival of the IMF programme

3. Finance minister briefs `straight-faced` Alvi on govt economic plan

• Finance Minister Ishaq Dar on November 18, 2022 called on President Dr Arif Alvi and briefed him on the government`s plans to provide relief to the masses hit by unprecedented inflation.
• According to a press release of the Presidency issued here, Mr Dar and President Alvi discussed the overall economic and financial outlook of the country.
• `In the meeting held at the Aiwan-i-Sadr, the finance minister briefed the president on various steps taken by the government to provide relief to the general public, particularly the unprivileged population and the flood-affected people,` the press release said.
• `Various matters concerning finance and economy also came under discussion,` it added

4. Investors withdraw $660m from Naya Pakistan Certificates in six months

• The foreign investors withdrew $660 million from Naya Pakistan Certificates (NPC) during the last six months, compounding the hardship for the country already f acing a serious problem of falling foreign exchange reserves.
• The withdrawal reflects the growing trust deficit in the country`s ability to make payments, though it has yet not defaulted on the external front and is making timely payments of all foreign obligations.
• However, the weak position of foreign exchange reserves amid poor economic growth with rising speculations about the growing default risks has made the situation worse. Financial market experts and independent economists have been warning that the prolonged political uncertainty is taking a heavy toll on the economy

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5. ECC allows TCP to import urea from China and Azerbaijan

• The Economic Coordination Committee (ECC) of Cabinet on Friday allowed the Trading Corporation of Pakistan (TCP) to import 160,000 tonnes of urea from China and Azerbaijan under the government-to-government arrangement (G2G).
• The ECC meeting, chaired by Finance Minister Ishaq Dar, discussed the summary submitted by the Ministry of Industries and Production for the procurement of 200,000 tonnes of urea to replenish the strategic reserves.
• The Ministry of Industries also informed about various options already negotiated regarding the import from Chinese firms who have committed to supply urea at the lowest rate

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International Current Affairs

6. US is `here to stay`, VP assures Asian leaders at APEC summit

• Vice President Kamala Harris told Asian leaders on November 18, 2022 that the United States was committed to the region for the long haul, rejecting doubts about its engagement as China expands its clout.
• Addressing the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok, Harris called the United States a `proud Pacific power` and said that long-standing US network of security alliances has allowed Asia to prosper.
• `The United States is here to stay,` Harris told business leaders on the sidelines of the, also attended by Chinese President Xi Jinping

Check also: The Rivers of Pakistan

7. Azerbaijan to open embassy in Israel

• Azerbaijan said on November 18, 2022 it would open an embassy in Tel Aviv, three decades after the Shia-majority country and the Jewish state established diplomatic relations.
• `The Azerbaijani parliament made the historic decision to open an embassy of Azerbaijan in Tel Aviv, Israel,` the office of outgoing Israeli Prime Minister Yair Lapid said, without providing details on when the move would take place.
• `I welcome the decision,` the premier said in a statement.
• Israel has an embassy in Baku, with Azerbaijan opening a trade office in Tel Aviv in July last year, and a tourism office in March this year

8. Russia accuses Ukraine of executing 10 POWs

• Russia`s defence ministry said on November 18, 2022 that Ukraine had executed 10 Russian prisoners of war, accusing Kyiv of carrying out war crimes that Moscow said the West ignores.
• The ministry cited video circulating on Russian social media, which purportedly showed the execution of Russian prisoners of war.
• `This brutal murder of Russian servicemen is neither the first, nor the only war crime,` the defence ministry said.
• `This is common practice in the armed forces of Ukraine that is actively supported by the Kyiv regime and blatantly ignored by its western patrons

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9. APEC summit disrupted by N. Korean missile test

• Several Asia Pacific leaders who had gathered for an economic summit in the Thai capital broke away from their meeting on November 18, 2022 to condemn North Korea after it test-fired an intercontinental ballistic missile.
• US Vice President Kamala Harris called an emergency gathering of leaders from Australia, Japan, South Korea, Canada and New Zealand on the sidelines of the summit after North Korea carried out the missile test just an hour before its inauguration.
• The leaders vowed to pressure North Korea as they held urgent talks on the launch of an intercontinental ballistic missile.
• Japan said the missile landed in its waters but was capable of striking the US mainland

10. Mufti Rafi Usmani is no more

• Muf ti Rafi Usmani, cleric, scholar and patron of Darul Uloom Karachi, passed away here on November 18, 2022 after a prolonged illness. He was 86.
• The eldest son of Mufti Shafi Usmani, a renowned cleric and founder of Darul Uloom Karachi one of the largest seminaries of Deoband school of thought in the country he was also the elder brother of Wifaqu1 Madaris Al Arabia Pakistan President Mufti Taqi Usmani.
• Born in July 1936 in the town of Deoband of the Indian state of Uttar Pradesh, Mufti Usmani migrated to Pakistan with his family in 1947. His students and admirers who were well aware of his personal and family history said Mufti Usmani memorised Quran in 1948 and then completed Darse Nizami degree from his father`s seminary, then located in the old city area of Nanakwara.

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