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April 06, 2022: National Current Affairs MCQs
1. Despite govt defiance, ECP issues Punjab poll schedule
• A day after the Supreme Court overruled the Election Commission of Pakistan (ECP) and ordered it to hold elections to the Punjab Assembly on May 14, the commission announced the schedule for the polls.
• Although it complied with the court`s order, the ECP expressed concerns over the `transgression` into its constitutional domain and claimed that it had been made a `punching bag` by state institutions.
• The revised schedule was issued in a notification, a copy of which is available with Dawn, citing the apex court`s order.
• The commission stated that candidates had already filed their nomination papers and their scrutiny was completed before the ECP delayed the polls till October 8 in March. As per the revised schedule, the process will start from appeals against acceptance or rejection of nomination papers which can be filed by April 10, while the appellate tribunal will decide the appeals by April 17
2. `Militant commander` among eight killed in S. Waziristan
• A key militant commander and his seven associates were killed during an intelligence-based operation (IBO) carried out by security forces in the Shinwarsak area of South Waziristan tribal district, on April 5, 2023.
• A sepoy of Pakistan Army embraced martyrdom while four others, including two officers, sustained injuries during the exchange of fire with militants, confirmed the Inter Services Public Relations (ISPR).
• Local officials said that the eight gunned down were involved in militant activities against security forces and killing of innocent citizens.
• Security forces conducted the IBO in the Shinwarsak general area during which an intense exchange of fire took place, said the ISPR statement
3. Rules to harmonise GST on services approved
• In a significant development, the National Tax Council (NTC) on April 5, 2023 approved the much-awaited Place of Provision of Service Rules (PPSRs), a step towards harmonising general sales tax on services across the country and ultimately easing the doing of businesses.
• Harmonising GST on services is a condition of the International Monetary Fund (IMF) to unlock funding to Pakistan stalled since December despite implementing several tough policy decisions, including additional tax measures.
• After approval of the respective provincial cabinets, the PPSRs will come into effect from May 1. The Sindh Revenue Board (SRB) suggested implementing the rules from July 1, while the other three provincial revenue authorities wanted the implementation from mid-April
4. Revised import policy for livestock approved
• The Economic Coordination Committee (ECC) of the cabinet on April 5, 2023 approved amendments to the Import Policy Order 2022 to comply with new international guidelines on live animal trade.
• The committee`s meeting, presided over by Finance Minister Ishaq Dar, also approved a Rs300 million supplementary grant to the Ministry of Housing and Works for repairing and maintaining public buildings.
• The import of live animals and animal products is regulated under the Import Policy Order (IPO), 2022, in line with guidelines issued by the World Organisation of Animal Health (WOAH), an intergovernmental body coordinating, supporting and promoting animal disease control
5. Central govt`s domestic debt jumps to Rs34tr
• The domestic debt of the central government has increased by Rs3 trillion during the first 8 months of the current financial year, reported the State Bank of Pakistan (SBP) on April 5, 2023.
• The central bank data showed the stock of government debt rose to Rs34.071 trillion in February compared to Rs31.037tr in June 2022, an increase of 9.7 per cent.
• The central government`s domestic borrowings increased by 23pc to Rs34.07tr in February from Rs27.7tr in the same month last year.
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