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July 27, 2023: National Current Affairs MCQs News
1. Hue and cry leads govt to dilute powers for caretakers
• Following vociferous opposition from allies and opposition alike to its plan to grant greater powers to the caretaker government, a diluted version of amendments which would allow the interim set-up to take major policy decisions regarding multilateral and bilateral projects was approved by parliament on Wednesday.
• It took the joint sitting three to four hours to pass these amendments. At one point, PTPs Senator Mohsin Aziz pointed out a lack of quorum in an effort to stall the government`s move, but the speaker declared the house in order after a head count. At the time of the voice vote, three members of the opposition PTI were also present in the House, but they too remained silent, perhaps realising that their shouting would have no impact on the final outcome
2. Cabinet okays measures to facilitate investments
• With barely two weeks left in the tenure of the federal government, the cabinet on Wednesday convened with a packed agenda and gave approval to a number of initiatives, including proposed legislation for amendments to the Investment Board Ordinance to empower the Special Investment Facilitation Council (SFIC) to facilitate foreign investment s.
• The meeting chaired by Prime Minister Shehbaz Sharif also gave its assent to the National Adaptation Plan 2023 on the recommendation of the Ministry of Climate Change to protect vulnerable communities from the adverse effects of climate change
3. FBR freezes PIA`s bank accounts over unpaid taxes
• The Federal Board of Revenue has frozen Pakistan International Airlines` bank accounts over non-payment of taxes, a PIA spokesman said on Wednesday.
• The airline`s management was in contact with the FBR, the spokesman, Abdullah Hafeez Khan, said and hoped that the accounts would be unblocked soon.
• He insisted that flight operations and other activities of PIA were continuing as usual despite the blocking of its accounts.
• According to sources, PIA owed about Rs2.8 billion to the FBR in taxes
4. Women`s protection bill set to be laid before PA
• The Balochistan Women Protection Bill has passed the scrutiny of the law department and is set to be presented in the Balochistan Assembly for legislative approval after obtaining cabinet`s consent.
• Dr Rubaba Khan Buledi, the parliamentary secretary for law and IT, made this revelation during a meeting with the delegation from the Commission on Status of Women, headed by Chairperson Fouzia Shaheen.
• Dr Buledi mentioned that amendments have also been suggested in the domestic violence laws to ensure more effective protection of women`s rights
5. Tax rates raised for non-filers
• The Federal Board of Revenue (FBR) has notified revised tax rates for non-active taxpayers to increase collection from those who are not willing to be part of tax rolls.
• The FBR has announced that there will be no tax deduction on cash withdrawals below Rs50,000 per day. In the last budget, the government introduced a 0.6 per cent tax deduction on cash withdrawals from non-filers, or not on the Active Taxpayers List (ATL), according to an income tax circular no 02, 2023 issued on Wednesday
