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July 05, 2023: National Current Affairs MCQs News
1. Govt announces `Quran Sanctity Day` on 7th
• The government has designated July 7 (Friday) as Yaum-i-Tagaddus-i-Quran (day for the protection of the Holy Quran`s sanctity) to express outrage over the desecration incident in Sweden last week.
• In addition, parliament will hold a joint session on July 6 (Thursday) to convey the nation`s shock and grief through its highest representative forum and will also adopt a resolution to condemn the desecration.
• The decisions were announced after a meeting of the federal cabinet, chaired by Prime Minister Shehbaz Sharif, to discuss the issue on Tuesday. It was decided that rallies would be held across the country on Friday to condemn the incident that occurred in Stockholm, the Swedish capital
2. PM calls out `state-backed terror` at SCO moot
• Prime Minister Shehbaz Sharif on July 4, 2023 tactfully assailed India over state sponsored terrorism, as he advocated for peace and stability in the region as a collective responsibility of members of the Shanghai Cooperation Organisation (SCO).
• In his remarks during the SCO Council of Heads of State Meeting, hosted by India in virtual format, the premier stressed that regional peace and stability were prerequisites for economic development.
• He added the `hydra-headed monster` of terrorism and extremism, whether carried out by individuals, or societies and states must be fought with `our full might`
3. GB high court disqualifies CM in fake degree case
• The Gilgit-Baltistan Chief Court disqualified Chief Minister Khalid Khurshid on July 4, 2023 on a charge of obtaining a licence from the region`s bar council based on a fake degree.
• The order was passed by a threejudge bench comprising Justice Malik Inayatur Rehman, Justice Johar Ali and Justice Mushtaq Muhammad on a petition seeking the disqualification of Mr Khurshid, who is also PTI`s regional president.
• Ghulam Shahzad Agha, a member of the Gilgit-Baltistan Assembly from PPP, earlier challenged Mr Khurshid`s law degree and sought his disqualification under articles 62 and 63 of the Constitution
4. Rupee jumps 3.8pc on IMF optimism
• The rupee sharply appreciated by 3.8 per cent, or Rs10.55, against the US dollar in the interbank market on July 4, 2023, reflecting the positive impact of the new deal with the International Monetary Fund (IMF).
• Currency dealers said the dollar initially lost about Rs15 but eventually settled at Rs275.44, resulting in a loss of Rs10.55.
• It was expected, according to currency experts, following Pakistan`s successful deal with the IMF for $3 billion over the next nine months. However, there was a feeling in the financial circle that the current deal with the IMF would be short-lived due to the country`s huge debt servicing requirement of $25bn in FY24
5. New note marks 75 years of SBP`s founding
• State Bank of Pakistan (SBP) Governor Jameel Ahmad unveiled on July 4, 2023 a commemorative banknote of Rs75 to mark the 75 years of the central bank`s founding.
• The banknote is predominantly blue, which has been chosen to impart a sense of stability associated with a central bank A distinctive feature of this new bank note is the inclusion of a stylised sketch of the SBP building by renowned calligrapher and artist Syed Sadequain Ahmed Naqvi. The sketch shares space with the traditional portrait of the Quaid-i-Azam on the front of the banknote
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