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Daily Top-10 Current Affairs MCQs / News (June 28 2023) for CSS

CSS Times
Daily Top-10 Current Affairs MCQs / News (June 28 2023) for CSS
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June 28, 2023: National Current Affairs MCQs

1. Pakistan, IMF weigh $2.5bn `standby arrangement`

• With time running out, Pakistan and the International Monetary Fund (IMF) are discussing a new short term six to nine months standby arrangement (SBA) worth about $2.5bn, the remaining part of the Extended Fund Facility (EFF) expiring on June 30, to get the country through the political transition to the newly elected government in the second quarter of the current fiscal year.
• This is one of the two options currently under discussion by the two sides after the government met all the conditions and prior actions of the ninth review, and also those relating to subsequent 10th and 11th tranches without disbursement of $2.5bn funds outstanding since October 2022

2. Govt okays four protocols to be inked with China

• The federal cabinet on Tuesday approved four protocols to be inked with China regarding exports and formation of a task force for security arrangements at Dasu Hydel Power Project.
• The cabinet made these decisions not through its meeting but circulation as Prime Minister Shehbaz Sharif was out of the country.
• According to sources in the PM Office, the cabinet okayed four protocols to be signed with China aimed at boosting trade. The four protocols were related to the export of donkey skins, dried chilies, beef and dairy products

3. LHC cuts `discriminatory` super tax from 10pc to 4pc

• The Lahore High Court (LHC) has reduced the super tax on large corporations from 10 per cent to 4pc after declaring it discriminatory, but refused to annul the tax at together.
• The order on Tuesday was passed by LHC Justice Jawad Hassan on petitions seeking to strike down the tax imposed last year.
• The petitioners also challenged the amendment to the Income Tax Ordinance, 2001 introduced through the Finance Act, 2022 which imposed the super tax.
• The `super tax` on 13 large-scale industries was imposed in 2022 as the government attempted to shore up revenues and support the poor amid rising inflation

4. ECC allows petroleum imports on suppliers` credit

• The government on Tuesday allowed traders to import crude oil and petroleum products on suppliers` credit and approved policy guidelines on foreign supplier`s accounts through customs bonded storage facilities but the decision immediately set the local oil industry crying.
• The decision was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Finance Minister Ishaq Dar, which also approved more supplementary grants of Rs4.01bn including Rs200 million to the Auditor General of Pakistan and Rs3.815bn to the Ministry of Interior for additional ration bills of Rs2.99bn of Frontier Corp (KP-North) and Rs825m to FCKP-South

5. Survey to verify census data begins next week

• The government will move to finalise the national census shortly after the Eid holidays, as a sample survey to measure data accuracy is set to begin next week.
• The Pakistan Bureau of Statistics (PBS) will conduct the post-enumeration survey for the 7th Population and Housing Census from July 8 to July 22 and compile its report for the Council of Common Interests (CCI) by July 31, the census monitoring committee decided in a meeting on Tuesday.
• Besides, filed enumeration in the remaining areas including three districts of Kohistan and snowbound areas of Khyber Pakhtunkhwa, Azad Jammu and Kashmir, and GilgitBaltistan will also kick off from July 8.

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6. Neom will compete with Miami, says Saudi Prince

• Saudi Crown Prince Mohammed Bin Salman (MBS) has said that the country`s flagship project Neom will compete with US coastal city Miami in terms of entertainment, culture, sports and retail.
• Appearing in a documentary shown by Discovery Channel on Monday, Crown Prince unveiled the salient features of The LINE project within Neom, the first smart city of its kind in the world with no roads, cars or emissions.
• Speaking about Neom, Crown Prince said, it is to create the new civilisation of tomorrow and encourage other nations to keep doing similar things for the benefit of the planet.

7. US top court rejects bid to give lawmakers unchecked power over elections

• The US Supreme Court on Tuesday declined to give politicians at the state level more power over federal elections by limiting the ability of state courts to review their actions, handing a defeat to Republican lawmakers in North Carolina.
• The 6-3 decision, authored by conservative Chief Justice John Roberts, upheld a 2022 ruling by the North Carolina Supreme Court against the Republican legislators.
• In doing so, the high court declined to embrace a once-marginal legal theory now favoured by many conservatives that would remove any role of state courts and state constitutions in regulating presidential and congressional elections.

8. Netanyahu invited to China amid tense US-Israel ties

• Israeli Prime Minister Benjamin Netanyahu has said he has been invited to China and his office has informed close ally the United States about the planned trip to Beijing.
• The Tuesday announcement comes amid apparently tense ties between the leadership of Israel and the US, as President Joe Biden has so far failed to invite Netanyahu for a visit after the Israeli`s re-election in November 2022.
• `The projected visit will be Prime Minister Netanyahu`s fourth visit to China,` Netanyahu`s office said in a statement, noting `the American administration was updated one month ago`. It said the premier had also informed a bipartisan Congressional delegation about the trip, and told the Congress members that the `US will always be Israel`s most vital and irreplaceable ally` A spokesman for Netanyahu could not provide further details on the planned trip or when it was expected to happen

9. Russian renegade Prigozhin arrives in Belarus

• Belarus welcomed the head of the Wagner mercenary group Yevgeny Prigozhin into exile on Tuesday as Russia`s President Vladimir Putin sought to shore up his authority by thanking regular troops for averting a civil war.
• Putin initially vowed to crush the mutiny, comparing it to the wartime turmoil that ushered in the revolution of 1917 and then a civil war, but hours later a deal was clinched to allow Prigozhin and some of his fighters to go to Belarus

10. World Cup to begin on Oct 5, Ahmedabad mega stadium to host final

• The Cricket World Cup will begin on October 5 with England facing New Zealand at the world`s biggest cricket stadium in Ahmedabad and the same venue hosting the final on November 19, organisers said on Tuesday, with the schedule for the showpiece in India also confirming Pakistan`s participation.
• The most-awaited clash between rivals India and Pakistan will be played in the same potentially contentious venue on October 15, after the hosts kick off their campaign against Australia a week earlier in Chennai.
• The fixtures were revealed by the International Cricket Council during an event in Mumbai, less than four months before the start of the 50-overs tournament, with the delay partly due to sour political relations between India and Pakistan

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