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October 2022

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

6. Offshore firm buys indirect stake in K-Electric

• In an opaquely worded notification issued on the Pakistan Stock Exchange, K-Electric Ltd said on October 20, 2022 `changes have been consummated` involving IGCF General Partner Ltd (IGCF GP), a fund manager, and the Infrastructure and Growth Capital Fund L.P. (Fund), which owns the fund`s assets.
• Analysts interpreted the dense text of the regulatory filing as an acknowledgement of the transfer of K-Electric`s major shareholding to Sage Venture Group Ltd, a British Virgin Islands-registered special purpose company wholly owned by Asia Pak Investments Ltd.
• K-Electric`s holding company is Cayman Islands-registered KES Power Ltd, with a shareholding of 66.4 per cent. The government of Pakistan controls 24.36pc shareholding in K-Electric while the rest is owned by institutional investors and the general public

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7. Indonesia looking at paracetamol syrups linked to child deaths

• Some medicinal syrups available in Indonesia contained ingredients linked to fatal acute kidney injury (AKI)in children, its health minister said on October 20, 2022, as it investigates a spike in cases and 99 child deaths this year.
• Health Minister Budi Gunadi Sadikin was also cited by media as saying some of those syrups were produced locally.
• Indonesia has temporarily banned sales of all syrup based medications and has been looking closely at paracetamol syrups containing toxic diethylene glycol and ethylene glycol that have been used to treat fever in children

8. Senate passes bill criminalising torture of detainees

• The Senate on October 20, 2022 passed four bills, including one that for the first time criminalised torture of under-custody accused, as PTI lawmakers continued protest the arrest and alleged torture of Senator Azam Swati.
• The bill to provide protection to a person during custody from all acts of torture perpetrated by public officials The Torture and Custodial Death (Prevention and Punishment) Bill, 2022 has already been passed by the National Assembly and could set in motion a long overdue process of reform to ensure transparent investigations into future allegations of torture and hold accountable to those responsible.

9. Truss quits after six chaotic weeks in office

• British Prime Minister Liz Truss on October 20, 2022 dramatically announced her resignation just six weeks after taking office.
• Truss bowed to the inevitable after her right-wing platform of tax cuts disintegrated and as many MPs among the ruling Conservatives revolted.
• Speaking in Downing Street, Truss said she would stay on as prime minister until a successor is chosen to serve as Tory leader.
• `We`ve agreed that there will be a leadership election to be completed within the next week,` she said, after senior backbench MP Graham Brady told her the game was up

10. China `thwarts` Indian move ahead of FATF moot

• China has once again thwarted an Indian move in the United Nations to malign Pakistan just days before an important meeting of the Financial Action Task Force (FATF).
• The first FATF plenary under the two-year Singapore presidency will take place on Oct 20-21 in Paris.
• The financial watchdog is expected to consider a proposal to move Pakistan from the so-called gray list of potential violators to the whitelist.

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

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